18904 NW 8th Avenue #230ShorelineWA98177
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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
Rental property for sale in Shoreline at 18904 NW 8th Avenue #230, Shoreline, WA, 98177 generates $2,806/mo in rent and, after a $1,419/mo payment, leaves $1,063/mo in cash flow. Total monthly income is $2,806/mo, and annual cash flow is $12,759/yr on $96,118 invested. Return on cash invested sits at 33.18% in year one, and rental yield is 11.61% on a $289,950 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,108 over five years. Five-year ROI reaches 173.82% and total cumulative return in cash sums $167,077. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,806/mo property income rather than buyer’s personal income.
Condo
Built in 1967
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98177, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,883 (100%) |
| Owner Occupied HU | 6,040 (76.6%) |
| Renter Occupied HU | 1,639 (20.8%) |
| Vacant Housing Units | 204 ( 2.6%) |
| Median Home Value | $1,130,267 |
| Average Home Value | $1,264,560 |
Housing Distribution
Address Breakdown
Residential
8,054
Single Family
7,239
Multi-Family
815
Businesses
233
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Listed by: Kirk Russell • John L. Scott, Inc.
Mls Name: NWMLS
Mls ID: #2451332