1120 8th Avenue #1701SeattleWA98101
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 #1701, Seattle, WA, 98101 offers a 7.93% rental yield on a $570,000 purchase with $3,769/mo rent. Total monthly income registers $3,769/mo, and a $2,790/mo payment leaves $343/mo available for distribution. Annual cash flow reaches $4,110/yr on $187,530 to close, and return on cash invested stands at 22.25% in year one. Equity gained on principal adds $3,678/yr while 5% annual appreciation supports $157,480 over five years. Portfolio math shows five-year ROI at 115.14% and total cumulative return in cash at $215,929. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,769/mo property income against a $2,790/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kim Knowles • Windermere Real Estate Midtown
Mls Name: NWMLS
Mls ID: #2465834