12050 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
Rental property for sale in Seattle at 12050 15th Avenue NE #301, Seattle, WA, 98125 generates $2,492/mo in rent and, after a $1,809/mo payment, leaves $270/mo in cash flow. Total monthly income is $2,492/mo, and annual cash flow is $3,245/yr on $122,489 invested. Return on cash invested sits at 22.56% in year one, and rental yield is 8.09% on a $369,500 entry. Equity gained on principal adds $2,384/yr, while 5% annual appreciation builds toward $102,086 over five years. Five-year ROI reaches 116.83% and total cumulative return in cash sums $143,104. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,492/mo property income rather than buyer’s personal income.
Condo
Built in 1994
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: Rob Bennett • CENTURY 21 North Homes Realty
Mls Name: NWMLS
Mls ID: #2428422