24103 NE 122nd 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 24103 NE 122nd Street, Redmond, WA, 98053 projects strong ROI of 6.6%. Rental yield 2.91%. With 5% annual appreciation, the property builds $690,151 in value over five years. Equity growth combined delivers a projected five-year ROI of 31.31%, translating into $253,379 in total cumulative return on $809,352 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Single Family
Built in 2005
8,751 sqft lot
$N/A/sqft
$340 monthly 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: Carol Junglov • Home Team Real Estate
Mls Name: NWMLS
Mls Provider:
Mls ID: #2397639
Disclaimer: Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2025 NWMLS. All rights are reserved. Disclaimer: The information contained in this listing has not been verified by Zillow, Inc. and should be verified by the buyer. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#39)