15208 6th Avenue NEShorelineWA98155
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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 15208 6th Avenue NE, Shoreline, WA, 98155 offers a 7.27% rental yield on a $425,000 purchase with $2,575/mo rent. Total monthly income registers $2,575/mo, and a $2,080/mo payment leaves $20/mo available for distribution. Annual cash flow reaches $245/yr on $140,888 to close, and return on cash invested stands at 20.08% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,420 over five years. Portfolio math shows five-year ROI at 103.55% and total cumulative return in cash at $145,889. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,575/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1942
7,440 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98155, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,250 (100%) |
| Owner Occupied HU | 9,696 (63.6%) |
| Renter Occupied HU | 4,890 (32.1%) |
| Vacant Housing Units | 664 ( 4.4%) |
| Median Home Value | $838,733 |
| Average Home Value | $955,198 |
Housing Distribution
Address Breakdown
Residential
14,728
Single Family
11,797
Multi-Family
2,931
Businesses
607
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Listed by: Rhea Kulikova • Redfin
Mls Name: NWMLS
Mls ID: #2469432