23905 NE 113th Lane #4RedmondWA98053
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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 23905 NE 113th Lane #4, Redmond, WA, 98053 offers a 8.47% rental yield on a $499,950 purchase with $3,528/mo rent. Total monthly income registers $3,528/mo, and a $2,447/mo payment leaves $523/mo available for distribution. Annual cash flow reaches $6,273/yr on $165,733 to close, and return on cash invested stands at 23.69% in year one. Equity gained on principal adds $3,226/yr while 5% annual appreciation supports $138,127 over five years. Portfolio math shows five-year ROI at 122.9% and total cumulative return in cash at $203,680. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,528/mo property income against a $2,447/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2009
0.30 Acres 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: Debbie R. Kinson-Newman • Windermere Real Estate/East
Mls Name: NWMLS
Mls ID: #2446637