1105 Spring Street #408SeattleWA98104
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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 #408, Seattle, WA, 98104 listed at $264,000 pairs $2,264/mo rent with a $1,292/mo payment to leave $677/mo cash flow. Total monthly income runs $2,264/mo, and annual cash flow reaches $8,126/yr on $87,516 cash to close. Return on cash invested measures 29.19% in year one, and rental yield registers 10.29% at a $264,000 basis. Equity gained on principal adds $1,704/yr, and annual property appreciation at 5% supports $72,938 by year five. Five-year ROI tracks 152.44% and total cumulative return in cash totals $133,405. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,264/mo property income relative to a $1,292/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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: Sarah-Cate Davis • Lake & Company
Mls Name: NWMLS
Mls ID: #2461008