1940 N Northgate WaySeattleWA98133
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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 1940 N Northgate Way, Seattle, WA, 98133 earns $380/mo cash flow from $3,235/mo rent with a $2,325/mo payment. Total monthly income totals $3,235/mo, and annual cash flow totals $4,555/yr on $157,463 capital. ROI tracks 22.8% on current figures, and rental yield reads 8.17% at a $475,000 purchase. Equity gained on principal adds $3,065/yr, and 5% annual appreciation supports $131,234 over five years. Five-year ROI reaches 118.12% and total cumulative return in cash sums $185,995. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,235/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: 98133, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,476 (100%) |
| Owner Occupied HU | 11,256 (44.2%) |
| Renter Occupied HU | 12,685 (49.8%) |
| Vacant Housing Units | 1,535 ( 6.0%) |
| Median Home Value | $831,940 |
| Average Home Value | $930,805 |
Housing Distribution
Address Breakdown
Residential
23,719
Single Family
13,248
Multi-Family
10,471
Businesses
1,308
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Listed by: Max Wurzburg • Windermere Real Estate Midtown
Mls Name: NWMLS
Mls ID: #2453297