16226 51st Avenue SSeattleWA98188
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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 16226 51st Avenue S, Seattle, WA, 98188 offers a 5.83% rental yield on a $585,000 purchase with $2,844/mo rent. 87% in year one. Equity gained on principal adds $3,775/yr while 5% annual appreciation supports $161,625 over five years. Portfolio math shows five-year ROI at 80.91% and total cumulative return in cash at $155,730. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,844/mo property income against a $2,863/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1943
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98188, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,732 (100%) |
| Owner Occupied HU | 4,881 (41.6%) |
| Renter Occupied HU | 6,140 (52.3%) |
| Vacant Housing Units | 711 ( 6.1%) |
| Median Home Value | $596,030 |
| Average Home Value | $656,865 |
Housing Distribution
Address Breakdown
Residential
10,709
Single Family
5,184
Multi-Family
5,525
Businesses
1,671
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Listed by: Michael Scanes • Best Choice Realty LLC
Mls Name: NWMLS
Mls ID: #2430801