11424 1st Avenue S #204SeattleWA98168
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
Rental property for sale in Seattle at 11424 1st Avenue S #204, Seattle, WA, 98168 generates $2,680/mo in rent and, after a $1,224/mo payment, leaves $1,177/mo in cash flow. Total monthly income is $2,680/mo, and annual cash flow is $14,122/yr on $82,875 invested. Return on cash invested sits at 36.95% in year one, and rental yield is 12.86% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 193.98% and total cumulative return in cash sums $160,762. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,680/mo property income rather than buyer’s personal income.
Condo
Built in 2001
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98168, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,207 (100%) |
| Owner Occupied HU | 7,005 (53.0%) |
| Renter Occupied HU | 5,723 (43.3%) |
| Vacant Housing Units | 479 ( 3.6%) |
| Median Home Value | $624,312 |
| Average Home Value | $682,764 |
Housing Distribution
Address Breakdown
Residential
12,835
Single Family
8,997
Multi-Family
3,838
Businesses
1,015
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: George Graham • John L. Scott, Inc
Mls Name: NWMLS
Mls ID: #2414193