17624 1st Avenue S #A305BurienWA98148
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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 Burien at 17624 1st Avenue S #A305, Burien, WA, 98148 offers a 9.38% rental yield on a $299,999 purchase with $2,346/mo rent. Total monthly income registers $2,346/mo, and a $1,468/mo payment leaves $543/mo available for distribution. Annual cash flow reaches $6,516/yr on $99,450 to close, and return on cash invested stands at 26.46% in year one. Equity gained on principal adds $1,936/yr while 5% annual appreciation supports $82,884 over five years. Portfolio math shows five-year ROI at 137.73% and total cumulative return in cash at $136,968. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,346/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1990
1.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98148, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,939 (100%) |
| Owner Occupied HU | 1,877 (47.7%) |
| Renter Occupied HU | 1,964 (49.9%) |
| Vacant Housing Units | 98 ( 2.5%) |
| Median Home Value | $623,459 |
| Average Home Value | $684,024 |
Housing Distribution
Address Breakdown
Residential
4,527
Single Family
2,104
Multi-Family
2,423
Businesses
519
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Listed by: Craig Walker • Keller Williams Rlty Bellevue
Mls Name: NWMLS
Mls ID: #2432152