710 240th Way SE #J302SammamishWA98074
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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 Sammamish at 710 240th Way SE #J302, Sammamish, WA, 98074 uses $149,142 cash to close to unlock $3,307/yr annual cash flow and $276/mo monthly cash flow. Total monthly income runs $2,980/mo, and a $2,202/mo payment keeps the spread at $276/mo. Purchase price stands at $449,900, and rental yield measures 7.95% with $2,980/mo rent. Return on cash invested shows 22.13% in year one, and 5% annual appreciation builds toward $124,299 over five years. Five-year ROI reaches 114.5% and total cumulative return in cash records $170,770. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,980/mo property income covering a $2,202/mo payment rather than investor’s personal income.
Condo
Built in 2000
19.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98074, Sammamish, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,313 (100%) |
| Owner Occupied HU | 8,539 (82.8%) |
| Renter Occupied HU | 1,505 (14.6%) |
| Vacant Housing Units | 269 ( 2.6%) |
| Median Home Value | $1,316,335 |
| Average Home Value | $1,394,822 |
Housing Distribution
Address Breakdown
Residential
10,378
Single Family
9,468
Multi-Family
910
Businesses
128
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Listed by: Ashley Wise • Tribeca NW Real Estate
Mls Name: NWMLS
Mls ID: #2445440