2401 N Northlake Way #E7SeattleWA98103
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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 2401 N Northlake Way #E7, Seattle, WA, 98103 earns from $1,823/mo rent with a $1,591/mo payment. Total monthly income totals $1,823/mo. ROI tracks 18.45% on current figures, and rental yield reads 6.73% at a $325,000 purchase. Equity gained on principal adds $2,097/yr, and 5% annual appreciation supports $89,792 over five years. Five-year ROI reaches 94.83% and total cumulative return in cash sums $102,169. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,823/mo property income instead of your personal income.
Single Family
Built in 2008
426.89 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98103, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,485 (100%) |
| Owner Occupied HU | 12,186 (42.8%) |
| Renter Occupied HU | 14,816 (52.0%) |
| Vacant Housing Units | 1,483 ( 5.2%) |
| Median Home Value | $1,179,785 |
| Average Home Value | $1,252,363 |
Housing Distribution
Address Breakdown
Residential
26,783
Single Family
15,098
Multi-Family
11,685
Businesses
2,261
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Listed by: Portia Gray • Windermere RE Magnolia
Mls Name: NWMLS
Mls ID: #2393337