1111 E Pike Street #302SeattleWA98122
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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 1111 E Pike Street #302, Seattle, WA, 98122 offers a 7.73% rental yield on a $434,000 purchase with $2,796/mo rent. Total monthly income registers $2,796/mo, and a $2,124/mo payment leaves $187/mo available for distribution. Annual cash flow reaches $2,248/yr on $143,871 to close, and return on cash invested stands at 21.47% in year one. Equity gained on principal adds $2,801/yr while 5% annual appreciation supports $119,906 over five years. Portfolio math shows five-year ROI at 111% and total cumulative return in cash at $159,694. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,796/mo property income against a $2,124/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2008
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98122, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,284 (100%) |
| Owner Occupied HU | 6,016 (23.8%) |
| Renter Occupied HU | 16,924 (66.9%) |
| Vacant Housing Units | 2,344 ( 9.3%) |
| Median Home Value | $1,148,288 |
| Average Home Value | $1,265,324 |
Housing Distribution
Address Breakdown
Residential
25,551
Single Family
7,950
Multi-Family
17,601
Businesses
1,476
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Listed by: Sean Fortune • Windermere RE North, Inc.
Mls Name: NWMLS
Mls ID: #2392066