1507 Western Avenue #R501SeattleWA98101
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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 1507 Western Avenue #R501, Seattle, WA, 98101 earns $470/mo cash flow from $2,508/mo rent with a $1,659/mo payment. Total monthly income totals $2,508/mo, and annual cash flow totals $5,645/yr on $112,379 capital. ROI tracks 24.93% on current figures, and rental yield reads 8.88% at a $339,000 purchase. Equity gained on principal adds $2,188/yr, and 5% annual appreciation supports $93,659 over five years. Five-year ROI reaches 129.57% and total cumulative return in cash sums $145,612. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,508/mo property income instead of your personal income.
Condo
Built in 1910
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98101, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,771 (100%) |
| Owner Occupied HU | 1,984 (14.4%) |
| Renter Occupied HU | 9,890 (71.8%) |
| Vacant Housing Units | 1,897 (13.8%) |
| Median Home Value | $1,195,402 |
| Average Home Value | $1,286,007 |
Housing Distribution
Address Breakdown
Residential
12,702
Single Family
664
Multi-Family
12,038
Businesses
2,260
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Listed by: Ashley J. Hayes • Pointe3 Real Estate
Mls Name: NWMLS
Mls ID: #2429798