1301 Spring Street #17ASeattleWA98104
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1301 Spring Street #17A, Seattle, WA, 98104 offers a 7.49% rental yield on a $659,000 purchase with $4,111/mo rent. Total monthly income registers $4,111/mo, and a $3,225/mo payment leaves $150/mo available for distribution. Annual cash flow reaches $1,801/yr on $216,811 to close, and return on cash invested stands at 20.89% in year one. Equity gained on principal adds $4,252/yr while 5% annual appreciation supports $182,070 over five years. Portfolio math shows five-year ROI at 107.85% and total cumulative return in cash at $233,839. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,111/mo property income against a $3,225/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1982
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98104, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,291 (100%) |
| Owner Occupied HU | 1,286 ( 9.7%) |
| Renter Occupied HU | 9,780 (73.6%) |
| Vacant Housing Units | 2,225 (16.7%) |
| Median Home Value | $1,103,755 |
| Average Home Value | $1,200,507 |
Housing Distribution
Address Breakdown
Residential
12,846
Single Family
683
Multi-Family
12,163
Businesses
2,217
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Audrey Manzanares • Windermere Real Estate Midtown
Mls Name: NWMLS
Mls ID: #2387210