1410 48th Street #A15SeaviewWA98644
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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 Seaview at 1410 48th Street #A15, Seaview, WA, 98644 uses $82,544 cash to close to unlock $4,223/yr annual cash flow and $352/mo monthly cash flow. Total monthly income runs $1,849/mo, and a $1,219/mo payment keeps the spread at $352/mo. Purchase price stands at $249,000, and rental yield measures 8.91% with $1,849/mo rent. Return on cash invested shows 25.03% in year one, and 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 130.05% and total cumulative return in cash records $107,348. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,849/mo property income covering a $1,219/mo payment rather than investor’s personal income.
Condo
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98644, Seaview, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 790 (100%) |
| Owner Occupied HU | 285 (36.1%) |
| Renter Occupied HU | 111 (14.1%) |
| Vacant Housing Units | 394 (49.9%) |
| Median Home Value | $357,955 |
| Average Home Value | $441,535 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
46
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Listed by: Beth Laney • Century 21 Pacific Realty
Mls Name: NWMLS
Mls ID: #2469116