2305 S 116th PlaceSeattleWA98168
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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 2305 S 116th Place, Seattle, WA, 98168 listed at $849,999 pairs $2,698/mo rent with a $4,160/mo payment. Total monthly income runs $2,698/mo. Return on cash invested measures 9.71% in year one, and rental yield registers 3.81% at a $849,999 basis. Equity gained on principal adds $5,485/yr, and annual property appreciation at 5% supports $234,839 by year five. Five-year ROI tracks 47.89% and total cumulative return in cash totals $133,929. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,698/mo property income relative to a $4,160/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1979
7,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98168, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,207 (100%) |
| Owner Occupied HU | 7,005 (53.0%) |
| Renter Occupied HU | 5,723 (43.3%) |
| Vacant Housing Units | 479 ( 3.6%) |
| Median Home Value | $624,312 |
| Average Home Value | $682,764 |
Housing Distribution
Address Breakdown
Residential
12,835
Single Family
8,997
Multi-Family
3,838
Businesses
1,015
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Listed by: Emily Lam • Redfin
Mls Name: NWMLS
Mls ID: #2405249