6356 138th Ave NE APT 213RedmondWA98052
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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 6356 138th Ave NE APT 213, Redmond, WA, 98052 earns from $3,094/mo rent with a $2,545/mo payment. Total monthly income totals $3,094/mo. ROI tracks 19.84% on current figures, and rental yield reads 7.14% at a $520,000 purchase. Equity gained on principal adds $3,355/yr, and 5% annual appreciation supports $143,666 over five years. Five-year ROI reaches 102.2% and total cumulative return in cash sums $174,839. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,094/mo property income instead of your personal income.
Apartment
Built in 1969
6.57 Acres 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: N/A • N/A
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