12056 3rd Avenue NWSeattleWA98177
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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 12056 3rd Avenue NW, Seattle, WA, 98177 generates $5,161/mo in rent and, after a $3,548/mo payment, leaves $804/mo in cash flow. Total monthly income is $5,161/mo, and annual cash flow is $9,642/yr on $238,492 invested. Return on cash invested sits at 24.1% in year one, and rental yield is 8.54% on a $724,900 entry. Equity gained on principal adds $4,678/yr, while 5% annual appreciation builds toward $200,277 over five years. Five-year ROI reaches 125.07% and total cumulative return in cash sums $298,281. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,161/mo property income rather than buyer’s personal income.
Single Family
Built in 1947
8,097 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98177, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,883 (100%) |
| Owner Occupied HU | 6,040 (76.6%) |
| Renter Occupied HU | 1,639 (20.8%) |
| Vacant Housing Units | 204 ( 2.6%) |
| Median Home Value | $1,130,267 |
| Average Home Value | $1,264,560 |
Housing Distribution
Address Breakdown
Residential
8,054
Single Family
7,239
Multi-Family
815
Businesses
233
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Listed by: Jacob Friedman • Windermere R.E. Shoreline
Mls Name: NWMLS
Mls ID: #2431932