3834 175th Avenue NE #22RedmondWA98052
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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 3834 175th Avenue NE #22, Redmond, WA, 98052 uses $122,324 cash to close to unlock $875/yr annual cash flow and $73/mo monthly cash flow. Total monthly income runs $2,291/mo, and a $1,806/mo payment keeps the spread at $73/mo. Purchase price stands at $369,000, and rental yield measures 7.45% with $2,291/mo rent. Return on cash invested shows 20.62% in year one, and 5% annual appreciation builds toward $101,948 over five years. Five-year ROI reaches 106.43% and total cumulative return in cash records $130,191. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,291/mo property income covering a $1,806/mo payment rather than investor’s personal income.
Condo
Built in 1967
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98052, Redmond, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 37,349 (100%) |
| Owner Occupied HU | 14,586 (39.1%) |
| Renter Occupied HU | 20,185 (54.0%) |
| Vacant Housing Units | 2,578 ( 6.9%) |
| Median Home Value | $1,234,442 |
| Average Home Value | $1,284,554 |
Housing Distribution
Address Breakdown
Residential
34,398
Single Family
22,382
Multi-Family
12,016
Businesses
1,801
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Listed by: Jenn Mueller • COMPASS
Mls Name: NWMLS
Mls ID: #2470545