1519 NW 59th Street #101SeattleWA98107
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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
Rental property for sale in Seattle at 1519 NW 59th Street #101, Seattle, WA, 98107 generates $2,858/mo in rent and, after a $2,296/mo payment, leaves $38/mo in cash flow. Total monthly income is $2,858/mo, and annual cash flow is $459/yr on $155,474 invested. Return on cash invested sits at 20.2% in year one, and rental yield is 7.31% on a $469,000 entry. Equity gained on principal adds $3,026/yr, while 5% annual appreciation builds toward $129,576 over five years. Five-year ROI reaches 104.22% and total cumulative return in cash sums $162,031. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,858/mo property income rather than buyer’s personal income.
Condo
Built in 1986
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98107, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,998 (100%) |
| Owner Occupied HU | 6,002 (35.3%) |
| Renter Occupied HU | 10,066 (59.2%) |
| Vacant Housing Units | 930 ( 5.5%) |
| Median Home Value | $1,004,136 |
| Average Home Value | $1,128,263 |
Housing Distribution
Address Breakdown
Residential
16,211
Single Family
7,854
Multi-Family
8,357
Businesses
1,507
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Listed by: Brooke Davis • Windermere Mercer Island
Mls Name: NWMLS
Mls ID: #2456506