1631 16th Ave #303SeattleWA98122
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1631 16th Ave #303, Seattle, WA, 98122 earns $1,012/mo cash flow from $2,755/mo rent with a $1,419/mo payment. Total monthly income totals $2,755/mo, and annual cash flow totals $12,147/yr on $96,118 capital. ROI tracks 32.55% on current figures, and rental yield reads 11.4% at a $289,950 purchase. Equity gained on principal adds $1,871/yr, and 5% annual appreciation supports $80,108 over five years. Five-year ROI reaches 170.4% and total cumulative return in cash sums $163,789. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,755/mo property income instead of your personal income.
Condo
Built in 1929
0.66 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Erik Stanford • Windermere R E Mount Baker
Mls Name: NWMLS
Mls ID: #2461053