232 Belmont Avenue E #201SeattleWA98102
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 232 Belmont Avenue E #201, Seattle, WA, 98102 listed at $499,950 pairs $3,334/mo rent with a $2,447/mo payment to leave $329/mo cash flow. Total monthly income runs $3,334/mo, and annual cash flow reaches $3,945/yr on $165,733 cash to close. Return on cash invested measures 22.29% in year one, and rental yield registers 8% at a $499,950 basis. Equity gained on principal adds $3,226/yr, and annual property appreciation at 5% supports $138,127 by year five. Five-year ROI tracks 115.37% and total cumulative return in cash totals $191,200. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,334/mo property income relative to a $2,447/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1994
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98102, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,617 (100%) |
| Owner Occupied HU | 4,535 (24.4%) |
| Renter Occupied HU | 12,560 (67.5%) |
| Vacant Housing Units | 1,522 ( 8.2%) |
| Median Home Value | $1,367,110 |
| Average Home Value | $1,409,002 |
Housing Distribution
Address Breakdown
Residential
17,363
Single Family
3,956
Multi-Family
13,407
Businesses
799
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Scott Hoang • COMPASS
Mls Name: NWMLS
Mls ID: #2402174