1500 Magnolia Way WSeattleWA98199
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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
Total monthly income runs $6,228/mo, and a $9,290/mo payment. Purchase price stands at $1,898,000, and rental yield measures 3.94% with $6,228/mo rent. Return on cash invested shows 10.26% in year one, and 5% annual appreciation builds toward $524,382 over five years. Five-year ROI reaches 50.76% and total cumulative return in cash records $312,131. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,228/mo property income covering a $9,290/mo payment rather than investor’s personal income.
Single Family
Built in 1953
4,403 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98199, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,001 (100%) |
| Owner Occupied HU | 6,311 (63.1%) |
| Renter Occupied HU | 3,315 (33.1%) |
| Vacant Housing Units | 375 ( 3.7%) |
| Median Home Value | $1,410,021 |
| Average Home Value | $1,456,671 |
Housing Distribution
Address Breakdown
Residential
9,958
Single Family
7,175
Multi-Family
2,783
Businesses
476
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Listed by: Scott D. Shutes • Windermere RE Greenwood
Mls Name: NWMLS
Mls ID: #2459322