1812 16th Avenue #1SeattleWA98122
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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 1812 16th Avenue #1, Seattle, WA, 98122 listed at $539,000 pairs $3,371/mo rent with a $2,638/mo payment to leave $131/mo cash flow. Total monthly income runs $3,371/mo, and annual cash flow reaches $1,573/yr on $177,331 cash to close. Return on cash invested measures 20.95% in year one, and rental yield registers 7.51% at a $539,000 basis. Equity gained on principal adds $3,478/yr, and annual property appreciation at 5% supports $148,916 by year five. Five-year ROI tracks 108.16% and total cumulative return in cash totals $191,796. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,371/mo property income relative to a $2,638/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1906
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98122, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,284 (100%) |
| Owner Occupied HU | 6,016 (23.8%) |
| Renter Occupied HU | 16,924 (66.9%) |
| Vacant Housing Units | 2,344 ( 9.3%) |
| Median Home Value | $1,148,288 |
| Average Home Value | $1,265,324 |
Housing Distribution
Address Breakdown
Residential
25,551
Single Family
7,950
Multi-Family
17,601
Businesses
1,476
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Listed by: Kiley Lazarus • Redfin
Mls Name: NWMLS
Mls ID: #2416730