1416 NW 197th StreetShorelineWA98177
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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 Shoreline at 1416 NW 197th Street, Shoreline, WA, 98177 offers a 6.16% rental yield on a $800,000 purchase with $4,108/mo rent. 86% in year one. Equity gained on principal adds $5,162/yr while 5% annual appreciation supports $221,025 over five years. Portfolio math shows five-year ROI at 86.24% and total cumulative return in cash at $226,988. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,108/mo property income against a $3,916/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1933
7,470 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98177, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,883 (100%) |
| Owner Occupied HU | 6,040 (76.6%) |
| Renter Occupied HU | 1,639 (20.8%) |
| Vacant Housing Units | 204 ( 2.6%) |
| Median Home Value | $1,130,267 |
| Average Home Value | $1,264,560 |
Housing Distribution
Address Breakdown
Residential
8,054
Single Family
7,239
Multi-Family
815
Businesses
233
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Listed by: Rob Ottosen • Windermere Real Estate/East
Mls Name: NWMLS
Mls ID: #2430897