74 Erste Street #1205North BendWA98068
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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 North Bend at 74 Erste Street #1205, North Bend, WA, 98068 uses $96,135 cash to close to unlock $326/yr annual cash flow and $27/mo monthly cash flow. Total monthly income runs $1,770/mo, and a $1,419/mo payment keeps the spread at $27/mo. Purchase price stands at $290,000, and rental yield measures 7.32% with $1,770/mo rent. Return on cash invested shows 20.25% in year one, and 5% annual appreciation builds toward $80,122 over five years. Five-year ROI reaches 104.46% and total cumulative return in cash records $100,420. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,770/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98068, Snoqualmie Pass, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 543 (100%) |
| Owner Occupied HU | 184 (33.9%) |
| Renter Occupied HU | 21 ( 3.9%) |
| Vacant Housing Units | 338 (62.2%) |
| Median Home Value | $844,118 |
| Average Home Value | $925,068 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
21
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Listed by: April Saein Jeong-Callies • COMPASS
Mls Name: NWMLS
Mls ID: #2463616