9900 NE 124th Street #1315KirklandWA98034
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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 Kirkland at 9900 NE 124th Street #1315, Kirkland, WA, 98034 generates $2,134/mo in rent and, after a $1,591/mo payment, leaves $180/mo in cash flow. Total monthly income is $2,134/mo, and annual cash flow is $2,161/yr on $107,738 invested. Return on cash invested sits at 21.91% in year one, and rental yield is 7.88% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 113.41% and total cumulative return in cash sums $122,185. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,134/mo property income rather than buyer’s personal income.
Condo
Built in 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98034, Kirkland, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,504 (100%) |
| Owner Occupied HU | 13,264 (56.4%) |
| Renter Occupied HU | 9,398 (40.0%) |
| Vacant Housing Units | 842 ( 3.6%) |
| Median Home Value | $961,870 |
| Average Home Value | $1,097,077 |
Housing Distribution
Address Breakdown
Residential
23,138
Single Family
15,686
Multi-Family
7,452
Businesses
964
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Listed by: Sally Thompson • RE/MAX Northwest
Mls Name: NWMLS
Mls ID: #2458295