2450 Westlake Avenue N #A6SeattleWA98109
INVESTMENT ANALYSIS
Investment Verdict
Solid Income2450 Westlake Avenue N #A6, Seattle, WA, 98109 in Seattle is a solid income-producing rental, 9.14% gross yield, $1,219/mo rent, $257/mo net cash flow on a $160,000 buy. DSCR 1.70 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $44,205 and $1,474/yr in principal reduction project a total cumulative return of $77,176.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 4.8% |
| Monthly Cash Flow | $257 | $1,250 |
City averages based on Seattle market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,219 |
| Total Monthly Debt Service | $898 |
| DSCR Ratio | 1.36x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2000
1 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2000
1 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Edward Krigsman • Windermere Real Estate Co.
Mls Name: NWMLS
Mls ID: #2439059