2319 1st Avenue #503SeattleWA98121
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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 2319 1st Avenue #503, Seattle, WA, 98121 uses $131,937 cash to close to unlock $4,495/yr annual cash flow and $375/mo monthly cash flow. Total monthly income runs $2,767/mo, and a $1,948/mo payment keeps the spread at $375/mo. Purchase price stands at $398,000, and rental yield measures 8.34% with $2,767/mo rent. Return on cash invested shows 23.32% in year one, and 5% annual appreciation builds toward $109,960 over five years. Five-year ROI reaches 120.88% and total cumulative return in cash records $159,492. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,767/mo property income covering a $1,948/mo payment rather than investor’s personal income.
Condo
Built in 2000
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: James K Myers • RE/MAX All City
Mls Name: NWMLS
Mls ID: #2471386