10501 8th Avenue NE #417SeattleWA98125
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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 Seattle at 10501 8th Avenue NE #417, Seattle, WA, 98125 uses $114,368 cash to close to unlock $5,757/yr annual cash flow and $480/mo monthly cash flow. Total monthly income runs $2,554/mo, and a $1,689/mo payment keeps the spread at $480/mo. Purchase price stands at $345,000, and rental yield measures 8.88% with $2,554/mo rent. Return on cash invested shows 24.94% in year one, and 5% annual appreciation builds toward $95,317 over five years. Five-year ROI reaches 129.61% and total cumulative return in cash records $148,228. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,554/mo property income covering a $1,689/mo payment rather than investor’s personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98125, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,204 (100%) |
| Owner Occupied HU | 8,684 (41.0%) |
| Renter Occupied HU | 11,064 (52.2%) |
| Vacant Housing Units | 1,456 ( 6.9%) |
| Median Home Value | $909,506 |
| Average Home Value | $1,044,969 |
Housing Distribution
Address Breakdown
Residential
20,477
Single Family
10,907
Multi-Family
9,570
Businesses
835
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Listed by: Paula Knopf • Windermere Real Estate Co.
Mls Name: NWMLS
Mls ID: #2444935