120 NW 39th Street #407SeattleWA98107
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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 120 NW 39th Street #407, Seattle, WA, 98107 uses $187,497 cash to close to unlock $6,427/yr annual cash flow and $536/mo monthly cash flow. Total monthly income runs $3,961/mo, and a $2,789/mo payment keeps the spread at $536/mo. Purchase price stands at $569,900, and rental yield measures 8.34% with $3,961/mo rent. Return on cash invested shows 23.49% in year one, and 5% annual appreciation builds toward $157,453 over five years. Five-year ROI reaches 121.77% and total cumulative return in cash records $228,318. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,961/mo property income covering a $2,789/mo payment rather than investor’s personal income.
Condo
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98107, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,998 (100%) |
| Owner Occupied HU | 6,002 (35.3%) |
| Renter Occupied HU | 10,066 (59.2%) |
| Vacant Housing Units | 930 ( 5.5%) |
| Median Home Value | $1,004,136 |
| Average Home Value | $1,128,263 |
Housing Distribution
Address Breakdown
Residential
16,211
Single Family
7,854
Multi-Family
8,357
Businesses
1,507
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Listed by: Elliott D Franklin • Engel & Voelkers Seattle DT
Mls Name: NWMLS
Mls ID: #2469295