2419 8th Avenue N #202SeattleWA98109
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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 2419 8th Avenue N #202, Seattle, WA, 98109 listed at $585,000 pairs $4,342/mo rent with a $2,863/mo payment to leave $826/mo cash flow. Total monthly income runs $4,342/mo, and annual cash flow reaches $9,909/yr on $192,465 cash to close. Return on cash invested measures 25.21% in year one, and rental yield registers 8.91% at a $585,000 basis. Equity gained on principal adds $3,775/yr, and annual property appreciation at 5% supports $161,625 by year five. Five-year ROI tracks 130.99% and total cumulative return in cash totals $252,114. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,342/mo property income relative to a $2,863/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1992
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98109, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,162 (100%) |
| Owner Occupied HU | 3,929 (16.3%) |
| Renter Occupied HU | 18,176 (75.2%) |
| Vacant Housing Units | 2,057 ( 8.5%) |
| Median Home Value | $1,151,246 |
| Average Home Value | $1,212,211 |
Housing Distribution
Address Breakdown
Residential
24,151
Single Family
3,860
Multi-Family
20,291
Businesses
1,842
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Listed by: Stacie Whitfield • List4FlatFee.com, LLC
Mls Name: NWMLS
Mls ID: #2425807