520 2nd Avenue SKirklandWA98033
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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 Kirkland at 520 2nd Avenue S, Kirkland, WA, 98033 earns from $6,443/mo rent with a $8,786/mo payment. Total monthly income totals $6,443/mo. ROI tracks 11.4% on current figures, and rental yield reads 4.31% at a $1,795,000 purchase. Equity gained on principal adds $11,583/yr, and 5% annual appreciation supports $495,925 over five years. Five-year ROI reaches 56.87% and total cumulative return in cash sums $330,757. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,443/mo property income instead of your personal income.
Single Family
Built in 1997
8,803 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98033, Kirkland, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,409 (100%) |
| Owner Occupied HU | 11,083 (57.1%) |
| Renter Occupied HU | 7,199 (37.1%) |
| Vacant Housing Units | 1,127 ( 5.8%) |
| Median Home Value | $1,558,706 |
| Average Home Value | $1,558,011 |
Housing Distribution
Address Breakdown
Residential
18,719
Single Family
12,960
Multi-Family
5,759
Businesses
1,247
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Listed by: Katherine Murphy • COMPASS
Mls Name: NWMLS
Mls ID: #2430795