11532 15th Avenue NE #301SeattleWA98125
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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 11532 15th Avenue NE #301, Seattle, WA, 98125 uses $120,003 cash to close to unlock $7,809/yr annual cash flow and $651/mo monthly cash flow. Total monthly income runs $2,827/mo, and a $1,772/mo payment keeps the spread at $651/mo. Purchase price stands at $362,000, and rental yield measures 9.37% with $2,827/mo rent. Return on cash invested shows 26.42% in year one, and 5% annual appreciation builds toward $100,014 over five years. Five-year ROI reaches 137.5% and total cumulative return in cash records $165,001. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,827/mo property income covering a $1,772/mo payment rather than investor’s personal income.
Condo
Built in 1997
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98125, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,204 (100%) |
| Owner Occupied HU | 8,684 (41.0%) |
| Renter Occupied HU | 11,064 (52.2%) |
| Vacant Housing Units | 1,456 ( 6.9%) |
| Median Home Value | $909,506 |
| Average Home Value | $1,044,969 |
Housing Distribution
Address Breakdown
Residential
20,477
Single Family
10,907
Multi-Family
9,570
Businesses
835
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Listed by: Caitlin Olsen • Windermere Real Estate Co.
Mls Name: NWMLS
Mls ID: #2476121