2253 Gilman Drive W #406SeattleWA98119
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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 2253 Gilman Drive W #406, Seattle, WA, 98119 uses $192,465 cash to close to unlock $18,489/yr annual cash flow and $1,541/mo monthly cash flow. Total monthly income runs $5,057/mo, and a $2,863/mo payment keeps the spread at $1,541/mo. Purchase price stands at $585,000, and rental yield measures 10.37% with $5,057/mo rent. Return on cash invested shows 29.67% in year one, and 5% annual appreciation builds toward $161,625 over five years. Five-year ROI reaches 154.9% and total cumulative return in cash records $298,122. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,057/mo property income covering a $2,863/mo payment rather than investor’s personal income.
Condo
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98119, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,303 (100%) |
| Owner Occupied HU | 5,344 (34.9%) |
| Renter Occupied HU | 8,857 (57.9%) |
| Vacant Housing Units | 1,102 ( 7.2%) |
| Median Home Value | $1,368,989 |
| Average Home Value | $1,414,364 |
Housing Distribution
Address Breakdown
Residential
14,152
Single Family
5,404
Multi-Family
8,748
Businesses
905
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Listed by: Michael Strazzara • RSVP Brokers ERA
Mls Name: NWMLS
Mls ID: #2470670