6211 247th Avenue NERedmondWA98053
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Nearby investment properties with comparable prices
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 6211 247th Avenue NE, Redmond, WA, 98053 listed at $1,649,000 pairs $5,614/mo rent with a $8,071/mo payment. Total monthly income runs $5,614/mo. Return on cash invested measures 10.72% in year one, and rental yield registers 4.09% at a $1,649,000 basis. Equity gained on principal adds $10,641/yr, and annual property appreciation at 5% supports $455,588 by year five. Five-year ROI tracks 53.2% and total cumulative return in cash totals $284,247. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,614/mo property income relative to a $8,071/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2003
1.46 Acres lot
$N/A/sqft
No 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: Dave Piedrahita • Keller Williams Rlty Bellevue
Mls Name: NWMLS
Mls ID: #2367300