1120 8th Avenue #1004SeattleWA98101
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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 1120 8th Avenue #1004, Seattle, WA, 98101 listed at $395,000 pairs $2,742/mo rent with a $1,933/mo payment to leave $368/mo cash flow. Total monthly income runs $2,742/mo, and annual cash flow reaches $4,415/yr on $130,943 cash to close. Return on cash invested measures 23.28% in year one, and rental yield registers 8.33% at a $395,000 basis. Equity gained on principal adds $2,549/yr, and annual property appreciation at 5% supports $109,131 by year five. Five-year ROI tracks 120.68% and total cumulative return in cash totals $158,022. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,742/mo property income relative to a $1,933/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98101, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,771 (100%) |
| Owner Occupied HU | 1,984 (14.4%) |
| Renter Occupied HU | 9,890 (71.8%) |
| Vacant Housing Units | 1,897 (13.8%) |
| Median Home Value | $1,195,402 |
| Average Home Value | $1,286,007 |
Housing Distribution
Address Breakdown
Residential
12,702
Single Family
664
Multi-Family
12,038
Businesses
2,260
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Listed by: Tammie Kaye Thetford • Rain Town Realty + JPAR
Mls Name: NWMLS
Mls ID: #2410937