17 W Mercer St APT 216SeattleWA98119
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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 17 W Mercer St APT 216, Seattle, WA, 98119 generates $2,683/mo in rent and, after a $2,052/mo payment, leaves $132/mo in cash flow. Total monthly income is $2,683/mo, and annual cash flow is $1,581/yr on $138,998 invested. Return on cash invested sits at 21.05% in year one, and rental yield is 7.68% on a $419,300 entry. Equity gained on principal adds $2,706/yr, while 5% annual appreciation builds toward $115,845 over five years. Five-year ROI reaches 108.81% and total cumulative return in cash sums $151,239. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,683/mo property income rather than buyer’s personal income.
Condo
Built in 2002
0.58 Acres lot
$N/A/sqft
$31 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98119, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,303 (100%) |
| Owner Occupied HU | 5,344 (34.9%) |
| Renter Occupied HU | 8,857 (57.9%) |
| Vacant Housing Units | 1,102 ( 7.2%) |
| Median Home Value | $1,368,989 |
| Average Home Value | $1,414,364 |
Housing Distribution
Address Breakdown
Residential
14,152
Single Family
5,404
Multi-Family
8,748
Businesses
905
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