1311 12th Avenue S #A304SeattleWA98144
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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 1311 12th Avenue S #A304, Seattle, WA, 98144 offers a 8.75% rental yield on a $399,995 purchase with $2,917/mo rent. Total monthly income registers $2,917/mo, and a $1,958/mo payment leaves $512/mo available for distribution. Annual cash flow reaches $6,148/yr on $132,598 to close, and return on cash invested stands at 24.55% in year one. Equity gained on principal adds $2,581/yr while 5% annual appreciation supports $110,511 over five years. Portfolio math shows five-year ROI at 127.49% and total cumulative return in cash at $169,046. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,917/mo property income against a $1,958/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1985
N/A 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
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Listed by: Lynn Calimlim • Team Calimlim Real Estate
Mls Name: NWMLS
Mls ID: #2432794