8405 NE 156th (Lot 3) PlaceKenmoreWA98028
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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 Kenmore at 8405 NE 156th (Lot 3) Place, Kenmore, WA, 98028 generates $2,850/mo in rent, after a $9,011/mo payment. Total monthly income is $2,850/mo. Return on cash invested sits at 3.84% in year one, and rental yield is 1.86% on a $1,840,999 entry. Equity gained on principal adds $11,880/yr, while 5% annual appreciation builds toward $508,634 over five years. Five-year ROI reaches 16.33% and total cumulative return in cash sums $97,435. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,850/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
7,422 sqft 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: Monica McCargo • Best Choice Realty LLC
Mls Name: NWMLS
Mls ID: #2474899