18910 NW 8th Avenue NW #121ShorelineWA98177
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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 18910 NW 8th Avenue NW #121, Shoreline, WA, 98177 uses $119,009 cash to close to unlock $5,845/yr annual cash flow and $487/mo monthly cash flow. Total monthly income runs $2,645/mo, and a $1,757/mo payment keeps the spread at $487/mo. Purchase price stands at $359,000, and rental yield measures 8.84% with $2,645/mo rent. Return on cash invested shows 24.82% in year one, and 5% annual appreciation builds toward $99,185 over five years. Five-year ROI reaches 128.98% and total cumulative return in cash records $153,499. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,645/mo property income covering a $1,757/mo payment rather than investor’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: Rhonda Krahn • John L. Scott Mukilteo
Mls Name: NWMLS
Mls ID: #2428271