1003 41st PlaceSeaviewWA98644
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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
Investment property for sale in Seaview at 1003 41st Place, Seaview, WA, 98644 offers a 7.93% rental yield on a $374,900 purchase with $2,478/mo rent. Total monthly income registers $2,478/mo, and a $1,835/mo payment leaves $224/mo available for distribution. Annual cash flow reaches $2,692/yr on $124,279 to close, and return on cash invested stands at 22.08% in year one. Equity gained on principal adds $2,419/yr while 5% annual appreciation supports $103,578 over five years. Portfolio math shows five-year ROI at 114.24% and total cumulative return in cash at $141,979. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,478/mo property income against a $1,835/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98644, Seaview, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 790 (100%) |
| Owner Occupied HU | 285 (36.1%) |
| Renter Occupied HU | 111 (14.1%) |
| Vacant Housing Units | 394 (49.9%) |
| Median Home Value | $357,955 |
| Average Home Value | $441,535 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
46
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Listed by: Marcella Dupettit • Realty One Group Pacifica
Mls Name: NWMLS
Mls ID: #2393775