ZIP CODE 98052 // SEATTLE-TACOMA-BELLEVUE, WA // DATA AS OF 2026-09-30
Redmond, WA (98052) Rental Property Cap Rate & Cash Flow Report
Located in King County (Redmond, WA), Zip Code 98052 ranks #496 of 500 within this selected sample (1th percentile) with a Zillow ZHVI typical home-value index of $1,255,271 (-4.3% YoY) and a ZORI observed market rent of $2,563/mo (+4.4% YoY). Requires at least 89.0% 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
-$5,477/mo
Annual: -$65,728/yr
Modeled Cap Rate
0.83%
NOI: $10,440/yr
Cash-on-Cash Return
-22.77%
Cash Needed: $288,712
1% Rule Ratio
0.20%
Gross Yield: 2.45%
Break-Even Rent
$8,859/mo
State Tax: 0.80%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 98052 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (WA Avg 0.80%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$6,347/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$1,693/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (98052)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $1,075,766 | $2,230/mo | 2.49% |
| 2022 | $1,267,648 | $2,436/mo | 2.31% |
| 2023 | $1,193,054 | $2,362/mo | 2.38% |
| 2024 | $1,306,797 | $2,466/mo | 2.26% |
| 2025 | $1,311,684 | $2,455/mo | 2.25% |
| 2026 | $1,255,271 | $2,563/mo | 2.45% |
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 |
| 98012 Bothell, WA | $928,453 | $2,609/mo | 1.63% | -$3,431/mo |
| 98682 Vancouver, WA | $491,615 | $1,698/mo | 2.31% | -$1,541/mo |
| 99301 Pasco, WA | $416,411 | $1,707/mo | 2.98% | -$1,072/mo |
| 11213 New York, NY | $1,148,501 | $3,110/mo | 0.93% | -$4,920/mo |
| 11215 New York, NY | $1,543,199 | $4,260/mo | 0.98% | -$6,540/mo |