455 Newport Way NW #302IssaquahWA98027
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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 Issaquah at 455 Newport Way NW #302, Issaquah, WA, 98027 uses $169,435 cash to close to unlock $1,499/yr annual cash flow and $125/mo monthly cash flow. Total monthly income runs $3,221/mo, and a $2,521/mo payment keeps the spread at $125/mo. Purchase price stands at $515,000, and rental yield measures 7.51% with $3,221/mo rent. Return on cash invested shows 20.94% in year one, and 5% annual appreciation builds toward $142,285 over five years. Five-year ROI reaches 108.12% and total cumulative return in cash records $183,193. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,221/mo property income covering a $2,521/mo payment rather than investor’s personal income.
Condo
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98027, Issaquah, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,549 (100%) |
| Owner Occupied HU | 8,005 (63.8%) |
| Renter Occupied HU | 4,007 (31.9%) |
| Vacant Housing Units | 537 ( 4.3%) |
| Median Home Value | $1,197,776 |
| Average Home Value | $1,282,272 |
Housing Distribution
Address Breakdown
Residential
12,332
Single Family
9,858
Multi-Family
2,474
Businesses
1,683
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Listed by: Bobby Harrison • Marketplace Sotheby's Intl Rty
Mls Name: NWMLS
Mls ID: #2370765