7004 155th Place NE #7004RedmondWA98052
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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 7004 155th Place NE #7004, Redmond, WA, 98052 earns $78/mo cash flow from $3,083/mo rent with a $2,447/mo payment. Total monthly income totals $3,083/mo, and annual cash flow totals $933/yr on $165,733 capital. ROI tracks 20.47% on current figures, and rental yield reads 7.4% at a $499,950 purchase. Equity gained on principal adds $3,226/yr, and 5% annual appreciation supports $138,127 over five years. Five-year ROI reaches 105.63% and total cumulative return in cash sums $175,060. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,083/mo property income instead of your personal income.
Condo
Built in 1982
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: Kale Corey • Ensemble
Mls Name: NWMLS
Mls ID: #2468081