123 Queen Anne Avenue N #305SeattleWA98109
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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 123 Queen Anne Avenue N #305, Seattle, WA, 98109 uses $86,190 cash to close to unlock $4,568/yr annual cash flow and $381/mo monthly cash flow. Total monthly income runs $1,944/mo, and a $1,273/mo payment keeps the spread at $381/mo. Purchase price stands at $260,000, and rental yield measures 8.97% with $1,944/mo rent. Return on cash invested shows 25.21% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 131.03% and total cumulative return in cash records $112,937. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,944/mo property income covering a $1,273/mo payment rather than investor’s personal income.
Condo
Built in 2000
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98109, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,162 (100%) |
| Owner Occupied HU | 3,929 (16.3%) |
| Renter Occupied HU | 18,176 (75.2%) |
| Vacant Housing Units | 2,057 ( 8.5%) |
| Median Home Value | $1,151,246 |
| Average Home Value | $1,212,211 |
Housing Distribution
Address Breakdown
Residential
24,151
Single Family
3,860
Multi-Family
20,291
Businesses
1,842
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Listed by: Yang Song • MY REALTY GROUP LLC
Mls Name: NWMLS
Mls ID: #2412803