1301 Spring Street #6DSeattleWA98104
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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 1301 Spring Street #6D, Seattle, WA, 98104 generates $3,254/mo in rent, after a $3,372/mo payment. Total monthly income is $3,254/mo. Return on cash invested sits at 15.36% in year one, and rental yield is 5.67% on a $689,000 entry. Equity gained on principal adds $4,446/yr, while 5% annual appreciation builds toward $190,358 over five years. Five-year ROI reaches 78.2% and total cumulative return in cash sums $177,258. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,254/mo property income rather than buyer’s personal income.
Condo
Built in 1982
N/A 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
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Listed by: Audrey Manzanares • Windermere Real Estate Midtown
Mls Name: NWMLS
Mls ID: #2427828