1629 22nd AvenueSeattleWA98122
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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 1629 22nd Avenue, Seattle, WA, 98122 generates $4,325/mo in rent, after a $5,722/mo payment. Total monthly income is $4,325/mo. Return on cash invested sits at 11.81% in year one, and rental yield is 4.44% on a $1,169,000 entry. Equity gained on principal adds $7,543/yr, while 5% annual appreciation builds toward $322,973 over five years. Five-year ROI reaches 59.06% and total cumulative return in cash sums $223,703. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,325/mo property income rather than buyer’s personal income.
Single Family
Built in 1906
3,811 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98122, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,284 (100%) |
| Owner Occupied HU | 6,016 (23.8%) |
| Renter Occupied HU | 16,924 (66.9%) |
| Vacant Housing Units | 2,344 ( 9.3%) |
| Median Home Value | $1,148,288 |
| Average Home Value | $1,265,324 |
Housing Distribution
Address Breakdown
Residential
25,551
Single Family
7,950
Multi-Family
17,601
Businesses
1,476
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Listed by: Justin Cicero • Real Broker LLC
Mls Name: NWMLS
Mls ID: #2465986