2331 42nd Avenue SW #209SeattleWA98116
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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 2331 42nd Avenue SW #209, Seattle, WA, 98116 uses $115,694 cash to close to unlock $2,703/yr annual cash flow and $225/mo monthly cash flow. Total monthly income runs $2,323/mo, and a $1,708/mo payment keeps the spread at $225/mo. Purchase price stands at $349,000, and rental yield measures 7.99% with $2,323/mo rent. Return on cash invested shows 22.25% in year one, and 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 115.16% and total cumulative return in cash records $133,236. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,323/mo property income covering a $1,708/mo payment rather than investor’s personal income.
Condo
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98116, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,246 (100%) |
| Owner Occupied HU | 7,092 (49.8%) |
| Renter Occupied HU | 6,420 (45.1%) |
| Vacant Housing Units | 734 ( 5.2%) |
| Median Home Value | $1,120,764 |
| Average Home Value | $1,275,439 |
Housing Distribution
Address Breakdown
Residential
14,702
Single Family
7,904
Multi-Family
6,798
Businesses
790
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Listed by: Michael W. Kirk • Windermere West Metro
Mls Name: NWMLS
Mls ID: #2470422