22841 NE 130th StreetRedmondWA98053
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Redmond at 22841 NE 130th Street, Redmond, WA, 98053 offers a 4.78% rental yield on a $988,000 purchase with $3,932/mo rent. 65% in year one. Equity gained on principal adds $6,375/yr while 5% annual appreciation supports $272,966 over five years. Portfolio math shows five-year ROI at 63.64% and total cumulative return in cash at $206,872. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,932/mo property income against a $4,836/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2005
4,948 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98053, Redmond, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,369 (100%) |
| Owner Occupied HU | 6,812 (81.4%) |
| Renter Occupied HU | 1,344 (16.1%) |
| Vacant Housing Units | 213 ( 2.5%) |
| Median Home Value | $1,322,124 |
| Average Home Value | $1,377,100 |
Housing Distribution
Address Breakdown
Residential
8,382
Single Family
6,371
Multi-Family
2,011
Businesses
134
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Listed by: Robert E. Junglov • Home Team Real Estate
Mls Name: NWMLS
Mls ID: #2426214