1105 Spring Street #1201SeattleWA98104
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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 1105 Spring Street #1201, Seattle, WA, 98104 earns $578/mo cash flow from $2,165/mo rent with a $1,292/mo payment. Total monthly income totals $2,165/mo, and annual cash flow totals $6,938/yr on $87,516 capital. ROI tracks 27.84% on current figures, and rental yield reads 9.84% at a $264,000 purchase. Equity gained on principal adds $1,704/yr, and 5% annual appreciation supports $72,938 over five years. Five-year ROI reaches 145.15% and total cumulative return in cash sums $127,033. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,165/mo property income instead of your personal income.
Condo
Built in 1950
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98104, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,291 (100%) |
| Owner Occupied HU | 1,286 ( 9.7%) |
| Renter Occupied HU | 9,780 (73.6%) |
| Vacant Housing Units | 2,225 (16.7%) |
| Median Home Value | $1,103,755 |
| Average Home Value | $1,200,507 |
Housing Distribution
Address Breakdown
Residential
12,846
Single Family
683
Multi-Family
12,163
Businesses
2,217
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Listed by: Bret C. Lane • Windermere RE West Campus Inc
Mls Name: NWMLS
Mls ID: #2413696