6581 137th Place NE #483RedmondWA98052
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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 6581 137th Place NE #483, Redmond, WA, 98052 offers a 8.05% rental yield on a $289,800 purchase with $1,944/mo rent. Total monthly income registers $1,944/mo, and a $1,418/mo payment leaves $202/mo available for distribution. Annual cash flow reaches $2,429/yr on $96,069 to close, and return on cash invested stands at 22.44% in year one. Equity gained on principal adds $1,870/yr while 5% annual appreciation supports $80,066 over five years. Portfolio math shows five-year ROI at 116.18% and total cumulative return in cash at $111,613. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,944/mo property income against a $1,418/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1972
N/A 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: Sherry Sahlstrom • RE/MAX Eastside Brokers, Inc.
Mls Name: NWMLS
Mls ID: #2427761