1431 NW Richmond Beach Road #10ShorelineWA98177
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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 1431 NW Richmond Beach Road #10, Shoreline, WA, 98177 offers a 7% rental yield on a $490,000 purchase with $2,860/mo rent. 28% in year one. Equity gained on principal adds $3,162/yr while 5% annual appreciation supports $135,378 over five years. Portfolio math shows five-year ROI at 99.23% and total cumulative return in cash at $161,184. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,860/mo property income against a $2,398/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1979
N/A 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: Brent K. Smith • Real Property Associates
Mls Name: NWMLS
Mls ID: #2422879