1120 Spring Street #802SeattleWA98104
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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 Spring Street #802, Seattle, WA, 98104 offers a 6.56% rental yield on a $574,000 purchase with $3,139/mo rent. 08% in year one. Equity gained on principal adds $3,704/yr while 5% annual appreciation supports $158,586 over five years. Portfolio math shows five-year ROI at 92.81% and total cumulative return in cash at $175,269. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,139/mo property income against a $2,809/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1982
N/A 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: Francis Quedado • Redfin
Mls Name: NWMLS
Mls ID: #2436570