18100 15th Avenue NE #C218ShorelineWA98155
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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 18100 15th Avenue NE #C218, Shoreline, WA, 98155 uses $115,345 cash to close to unlock $6,954/yr annual cash flow and $579/mo monthly cash flow. Total monthly income runs $2,671/mo, and a $1,703/mo payment keeps the spread at $579/mo. Purchase price stands at $347,950, and rental yield measures 9.21% with $2,671/mo rent. Return on cash invested shows 25.94% in year one, and 5% annual appreciation builds toward $96,132 over five years. Five-year ROI reaches 134.94% and total cumulative return in cash records $155,646. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,671/mo property income covering a $1,703/mo payment rather than investor’s 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: Keith C. Bruce • Sound Point Real Estate LLC
Mls Name: NWMLS
Mls ID: #2465450