2419 E Madison Street #2461SeattleWA98112
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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 E Madison Street #2461, Seattle, WA, 98112 uses $171,080 cash to close to unlock $880/yr annual cash flow and $73/mo monthly cash flow. Total monthly income runs $3,199/mo, and a $2,545/mo payment keeps the spread at $73/mo. Purchase price stands at $520,000, and rental yield measures 7.38% with $3,199/mo rent. Return on cash invested shows 20.57% in year one, and 5% annual appreciation builds toward $143,666 over five years. Five-year ROI reaches 106.16% and total cumulative return in cash records $181,619. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,199/mo property income covering a $2,545/mo payment rather than investor’s personal income.
Condo
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98112, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,995 (100%) |
| Owner Occupied HU | 5,865 (53.3%) |
| Renter Occupied HU | 4,485 (40.8%) |
| Vacant Housing Units | 645 ( 5.9%) |
| Median Home Value | $1,653,721 |
| Average Home Value | $1,626,208 |
Housing Distribution
Address Breakdown
Residential
11,280
Single Family
6,851
Multi-Family
4,429
Businesses
545
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Listed by: Margie M. Zech • Windermere RE/Capitol Hill,Inc
Mls Name: NWMLS
Mls ID: #2464260