889 Avenue Square NE #703BellevueWA98004
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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
Total monthly income runs $2,930/mo, and a $4,772/mo payment. Purchase price stands at $975,000, and rental yield measures 3.61% with $2,930/mo rent. Return on cash invested shows 9.1% in year one, and 5% annual appreciation builds toward $269,375 over five years. Five-year ROI reaches 44.6% and total cumulative return in cash records $143,067. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,930/mo property income covering a $4,772/mo payment rather than investor’s personal income.
Condo
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98004, Bellevue, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,461 (100%) |
| Owner Occupied HU | 7,846 (36.6%) |
| Renter Occupied HU | 11,834 (55.1%) |
| Vacant Housing Units | 1,781 ( 8.3%) |
| Median Home Value | $1,796,462 |
| Average Home Value | $1,664,064 |
Housing Distribution
Address Breakdown
Residential
20,083
Single Family
7,323
Multi-Family
12,760
Businesses
2,280
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Listed by: Melissa Camp • Rennie Group
Mls Name: NWMLS
Mls ID: #2466985