2040 Westlake Avenue N #26SeattleWA98109
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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 2040 Westlake Avenue N #26, Seattle, WA, 98109 listed at $739,000 pairs $3,216/mo rent with a $3,617/mo payment. Total monthly income runs $3,216/mo. Return on cash invested measures 14.01% in year one, and rental yield registers 5.22% at a $739,000 basis. Equity gained on principal adds $4,769/yr, and annual property appreciation at 5% supports $204,172 by year five. Five-year ROI tracks 70.93% and total cumulative return in cash totals $172,448. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,216/mo property income relative to a $3,617/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1988
561.92 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98109, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,162 (100%) |
| Owner Occupied HU | 3,929 (16.3%) |
| Renter Occupied HU | 18,176 (75.2%) |
| Vacant Housing Units | 2,057 ( 8.5%) |
| Median Home Value | $1,151,246 |
| Average Home Value | $1,212,211 |
Housing Distribution
Address Breakdown
Residential
24,151
Single Family
3,860
Multi-Family
20,291
Businesses
1,842
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Listed by: Danny Evanger • RE/MAX Elite
Mls Name: NWMLS
Mls ID: #2455076