6901 NE 184th Ln UNIT 408KenmoreWA98028
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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 Kenmore at 6901 NE 184th Ln UNIT 408, Kenmore, WA, 98028 uses $162,432 cash to close to unlock $994/yr annual cash flow and $83/mo monthly cash flow. Total monthly income runs $3,028/mo, and a $2,398/mo payment keeps the spread at $83/mo. Purchase price stands at $489,990, and rental yield measures 7.42% with $3,028/mo rent. Return on cash invested shows 20.52% in year one, and 5% annual appreciation builds toward $135,375 over five years. Five-year ROI reaches 105.89% and total cumulative return in cash records $171,993. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,028/mo property income covering a $2,398/mo payment rather than investor’s personal income.
Condo
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98028, Kenmore, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,667 (100%) |
| Owner Occupied HU | 6,628 (68.6%) |
| Renter Occupied HU | 2,796 (28.9%) |
| Vacant Housing Units | 243 ( 2.5%) |
| Median Home Value | $944,853 |
| Average Home Value | $1,082,892 |
Housing Distribution
Address Breakdown
Residential
9,727
Single Family
7,739
Multi-Family
1,988
Businesses
501
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Listed by: N/A • Pulte Homes
Mls Name: Pulte
Mls Provider:
Mls ID: #N/A