ZIP CODE 98012 // SEATTLE-TACOMA-BELLEVUE, WA // DATA AS OF 2026-09-30
Bothell, WA (98012) Rental Property Cap Rate & Cash Flow Report
Located in Snohomish County (Bothell, WA), Zip Code 98012 ranks #458 of 500 within this selected sample (9th percentile) with a Zillow ZHVI typical home-value index of $928,453 (-5.2% YoY) and a ZORI observed market rent of $2,609/mo (+2.0% YoY). Requires at least 78.5% down payment at 6.5% interest to reach $0/mo break-even cash flow. This model combines different housing populations; it is not an observed average property return. Costs assume state-average tax, 0.5% annual insurance, 13% reserves and no HOA or management. Figures below follow your edits; this headline describes the original benchmark.
Net Monthly Cash Flow
-$3,431/mo
Annual: -$41,169/yr
Modeled Cap Rate
1.63%
NOI: $15,168/yr
Cash-on-Cash Return
-19.28%
Cash Needed: $213,544
1% Rule Ratio
0.28%
Gross Yield: 3.37%
Break-Even Rent
$6,552/mo
State Tax: 0.80%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 98012 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (WA Avg 0.80%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$4,695/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$1,345/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (98012)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $797,021 | $2,232/mo | 3.36% |
| 2022 | $943,350 | $2,417/mo | 3.07% |
| 2023 | $898,387 | $2,461/mo | 3.29% |
| 2024 | $977,447 | $2,526/mo | 3.10% |
| 2025 | $979,302 | $2,559/mo | 3.14% |
| 2026 | $928,453 | $2,609/mo | 3.37% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 98208 Everett, WA | $728,590 | $2,000/mo | 1.57% | -$2,733/mo |
| 98682 Vancouver, WA | $491,615 | $1,698/mo | 2.31% | -$1,541/mo |
| 98052 Redmond, WA | $1,255,271 | $2,563/mo | 0.83% | -$5,477/mo |
| 99301 Pasco, WA | $416,411 | $1,707/mo | 2.98% | -$1,072/mo |
| 10023 New York, NY | $1,444,233 | $4,890/mo | 1.63% | -$5,335/mo |
| 10312 New York, NY | $761,384 | $2,582/mo | 1.64% | -$2,809/mo |