2201 3rd Avenue #2106SeattleWA98121
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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 2201 3rd Avenue #2106, Seattle, WA, 98121 uses $194,110 cash to close to unlock $3,086/yr annual cash flow and $257/mo monthly cash flow. Total monthly income runs $3,804/mo, and a $2,888/mo payment keeps the spread at $257/mo. Purchase price stands at $590,000, and rental yield measures 7.74% with $3,804/mo rent. Return on cash invested shows 21.65% in year one, and 5% annual appreciation builds toward $163,006 over five years. Five-year ROI reaches 111.93% and total cumulative return in cash records $217,264. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,804/mo property income covering a $2,888/mo payment rather than investor’s personal income.
Condo
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98121, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,500 (100%) |
| Owner Occupied HU | 3,599 (20.6%) |
| Renter Occupied HU | 12,319 (70.4%) |
| Vacant Housing Units | 1,582 ( 9.0%) |
| Median Home Value | $989,046 |
| Average Home Value | $1,081,110 |
Housing Distribution
Address Breakdown
Residential
17,321
Single Family
1,582
Multi-Family
15,739
Businesses
1,207
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Listed by: Alicia Bathke • Urban Living
Mls Name: NWMLS
Mls ID: #2453056