2137 East Shelby StreetSeattleWA98112
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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 Seattle at 2137 East Shelby Street, Seattle, WA, 98112 priced at $1,501,000 converts $5,642/mo rent into after a $7,347/mo obligation. Total monthly income equals $5,642/mo. Return on cash invested prints 12.03% in year one, and rental yield reads 4.51% against a $1,501,000 entry. Equity gained on principal adds $9,686/yr, while 5% annual appreciation compiles into $414,699 by year five. Five-year ROI reaches 60.23% and total cumulative return in cash sums $292,921. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,642/mo property income covering a $7,347/mo payment, not borrower’s personal income.
Single Family
Built in 1923
5,449 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98112, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,995 (100%) |
| Owner Occupied HU | 5,865 (53.3%) |
| Renter Occupied HU | 4,485 (40.8%) |
| Vacant Housing Units | 645 ( 5.9%) |
| Median Home Value | $1,653,721 |
| Average Home Value | $1,626,208 |
Housing Distribution
Address Breakdown
Residential
11,280
Single Family
6,851
Multi-Family
4,429
Businesses
545
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Listed by: Jeff W. Smith • Windermere RE/Capitol Hill,Inc
Mls Name: NWMLS
Mls Provider:
Mls ID: #2374194
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-26 04:44:37 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#39)