1304 15th Avenue SSeattleWA98144
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
Rental property for sale in Seattle at 1304 15th Avenue S, Seattle, WA, 98144 generates $6,680/mo in rent and, after a $4,595/mo payment, leaves $1,037/mo in cash flow. Total monthly income is $6,680/mo, and annual cash flow is $12,439/yr on $308,894 invested. Return on cash invested sits at 24.09% in year one, and rental yield is 8.54% on a $938,888 entry. Equity gained on principal adds $6,058/yr, while 5% annual appreciation builds toward $259,397 over five years. Five-year ROI reaches 124.98% and total cumulative return in cash sums $386,045. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,680/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
3,902 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98144, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,585 (100%) |
| Owner Occupied HU | 7,110 (40.4%) |
| Renter Occupied HU | 8,988 (51.1%) |
| Vacant Housing Units | 1,487 ( 8.5%) |
| Median Home Value | $954,137 |
| Average Home Value | $1,148,559 |
Housing Distribution
Address Breakdown
Residential
17,571
Single Family
9,141
Multi-Family
8,430
Businesses
880
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Erik Stanford • Windermere R E Mount Baker
Mls Name: NWMLS
Mls ID: #2439303