8217 145 Court NE #C -11RedmondWA98052
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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
Rental property for sale in Redmond at 8217 145 Court NE #C -11, Redmond, WA, 98052 generates $4,008/mo in rent and, after a $2,937/mo payment, leaves $401/mo in cash flow. Total monthly income is $4,008/mo, and annual cash flow is $4,812/yr on $197,400 invested. Return on cash invested sits at 22.5% in year one, and rental yield is 8.02% on a $599,999 entry. Equity gained on principal adds $3,872/yr, while 5% annual appreciation builds toward $165,769 over five years. Five-year ROI reaches 116.44% and total cumulative return in cash sums $229,859. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,008/mo property income rather than buyer’s personal income.
Condo
Built in 1979
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: Michael D. Sampson • John L. Scott, Inc.
Mls Name: NWMLS
Mls ID: #2419169