6 Lake Bellevue Drive #201BellevueWA98005
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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 Bellevue at 6 Lake Bellevue Drive #201, Bellevue, WA, 98005 offers a 5.67% rental yield on a $770,000 purchase with $3,640/mo rent. 38% in year one. Equity gained on principal adds $4,969/yr while 5% annual appreciation supports $212,737 over five years. Portfolio math shows five-year ROI at 78.28% and total cumulative return in cash at $198,297. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,640/mo property income against a $3,769/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98005, Bellevue, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,888 (100%) |
| Owner Occupied HU | 4,488 (45.4%) |
| Renter Occupied HU | 4,551 (46.0%) |
| Vacant Housing Units | 849 ( 8.6%) |
| Median Home Value | $1,617,488 |
| Average Home Value | $1,602,594 |
Housing Distribution
Address Breakdown
Residential
9,033
Single Family
5,144
Multi-Family
3,889
Businesses
1,504
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Listed by: Michael J. Link • Windermere Bellevue Commons
Mls Name: NWMLS
Mls ID: #2458366