2423 8th Avenue N #101SeattleWA98109
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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 2423 8th Avenue N #101, Seattle, WA, 98109 uses $205,592 cash to close to unlock $7,754/yr annual cash flow and $646/mo monthly cash flow. Total monthly income runs $4,403/mo, and a $3,059/mo payment keeps the spread at $646/mo. Purchase price stands at $624,900, and rental yield measures 8.46% with $4,403/mo rent. Return on cash invested shows 23.83% in year one, and 5% annual appreciation builds toward $172,648 over five years. Five-year ROI reaches 123.63% and total cumulative return in cash records $254,177. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,403/mo property income covering a $3,059/mo payment rather than investor’s personal income.
Condo
Built in 1977
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: David Ebeling • Marketplace Sotheby's Intl Rty
Mls Name: NWMLS
Mls ID: #2376530