12624 23rd Avenue SSeattleWA98168
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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 12624 23rd Avenue S, Seattle, WA, 98168 offers a 7.99% rental yield on a $585,000 purchase with $3,893/mo rent. Total monthly income registers $3,893/mo, and a $2,863/mo payment leaves $377/mo available for distribution. Annual cash flow reaches $4,521/yr on $192,465 to close, and return on cash invested stands at 22.41% in year one. Equity gained on principal adds $3,775/yr while 5% annual appreciation supports $161,625 over five years. Portfolio math shows five-year ROI at 115.97% and total cumulative return in cash at $223,206. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,893/mo property income against a $2,863/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
8,999 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98168, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,207 (100%) |
| Owner Occupied HU | 7,005 (53.0%) |
| Renter Occupied HU | 5,723 (43.3%) |
| Vacant Housing Units | 479 ( 3.6%) |
| Median Home Value | $624,312 |
| Average Home Value | $682,764 |
Housing Distribution
Address Breakdown
Residential
12,835
Single Family
8,997
Multi-Family
3,838
Businesses
1,015
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Listed by: Vanessa Foley-DeLong • COMPASS
Mls Name: NWMLS
Mls ID: #2394989