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39
Rent potential climbs to $7,850
Updated 12 days ago • 2 new comps
Your Investment Paths
Turnkey Rental
This property shows solid rental potential in the Bellevue market. Based on recent comparable data, you can expect monthly income between $7,258 and $8,485. This range reflects the premium value of a home this size. With an estimated gross rental yield of approximately 3.29%, this investment offers a stable opportunity for your portfolio. The current market rates align well with the property size, suggesting steady returns for long-term rental income.
More about this home
Neighborhood Assessment
The Summit in Bellevue's 98006 zip is a premium gated community with top-tier schools—Spiritridge Elementary (8/10), Tillicum Middle (9/10), and Newport High (10/10)—plus clubhouse, pools, and tennis courts. It's walkable with sidewalks, near I-90/405 for easy Bellevue/Seattle access, and low climate risks boost appeal. Nearby comps sold $1.9M-$2.6M for 3K-5K sqft homes, showing steady demand in this upscale area. This 5-bed, 6-bath, 5.5K sqft property at $2.9M ($521/sqft) aligns well, though 81 days on market suggests pricing tweaks could help.
Market Activity
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Rental Income
$94K
Yield
3.3%
Year 1 Estimates
Fix-and-Flip
Modernizing your home creates an inviting atmosphere that captures buyer interest. While the price per square foot for updated homes is 457 dollars compared to 807 dollars for the baseline, these refreshed spaces often foster faster interest. Investing in updates is a fantastic way to elevate your lifestyle and ensure your property feels current. With a potential sell value around 2.5 million and strong rent potential, this strategy offers a wonderful path toward long-term satisfaction.
Comps
4
Buy-Rehab-Rent
This 5,520-square-foot property offers a post-renovation value between $2,420,000 and $2,675,000. While the renovation potential is notable, the current market dynamics suggest a conservative valuation path based on comparable high-end sales in this area. Annual rental income is projected at $83,400, resulting in a modest 3.3% yield. Given the capital requirements for a home of this size, this investment is best suited for long-term appreciation rather than immediate cash flow.
Rental Income
$83K
Yield
3.3%
Year 1 Estimates, Post Typical Renovation
Estimated value
$2.9M
$587K below comp median
Comparative Market Analysis
$2.9M – $5.3M
Based on 8 comps
6105 155th Avenue SE, Bellevue Investment Report: Flip & Rental Analysis · Frontflip