17 W Mercer Street #217SeattleWA98119
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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 17 W Mercer Street #217, Seattle, WA, 98119 earns $432/mo cash flow from $2,536/mo rent with a $1,713/mo payment. Total monthly income totals $2,536/mo, and annual cash flow totals $5,186/yr on $116,025 capital. ROI tracks 24.38% on current figures, and rental yield reads 8.69% at a $350,000 purchase. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,699 over five years. Five-year ROI reaches 126.62% and total cumulative return in cash sums $146,906. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,536/mo property income instead of your personal income.
Condo
Built in 2002
N/A lot
$N/A/sqft
No 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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Listed by: Brian Rosso • Windermere Mercer Island
Mls Name: NWMLS
Mls ID: #2466845