17904 23rd Lane NE #E-301ShorelineWA98155
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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 Shoreline at 17904 23rd Lane NE #E-301, Shoreline, WA, 98155 earns $684/mo cash flow from $3,028/mo rent with a $1,909/mo payment. Total monthly income totals $3,028/mo, and annual cash flow totals $8,202/yr on $129,285 capital. ROI tracks 26.25% on current figures, and rental yield reads 9.32% at a $390,000 purchase. Equity gained on principal adds $2,517/yr, and 5% annual appreciation supports $107,750 over five years. Five-year ROI reaches 136.64% and total cumulative return in cash sums $176,660. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,028/mo property income instead of your personal income.
Condo
Built in 1976
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98155, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,250 (100%) |
| Owner Occupied HU | 9,696 (63.6%) |
| Renter Occupied HU | 4,890 (32.1%) |
| Vacant Housing Units | 664 ( 4.4%) |
| Median Home Value | $838,733 |
| Average Home Value | $955,198 |
Housing Distribution
Address Breakdown
Residential
14,728
Single Family
11,797
Multi-Family
2,931
Businesses
607
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Listed by: Ashley Rodriguez • John L Scott Madrona Group
Mls Name: NWMLS
Mls ID: #2462901