2506 23rd Avenue SSeattleWA98144
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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 2506 23rd Avenue S, Seattle, WA, 98144 uses $149,175 cash to close to unlock $4,734/yr annual cash flow and $395/mo monthly cash flow. Total monthly income runs $3,100/mo, and a $2,203/mo payment keeps the spread at $395/mo. Purchase price stands at $450,000, and rental yield measures 8.27% with $3,100/mo rent. Return on cash invested shows 23.08% in year one, and 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 119.63% and total cumulative return in cash records $178,458. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,100/mo property income covering a $2,203/mo payment rather than investor’s personal income.
Single Family
Built in 1951
5,044 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98144, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,585 (100%) |
| Owner Occupied HU | 7,110 (40.4%) |
| Renter Occupied HU | 8,988 (51.1%) |
| Vacant Housing Units | 1,487 ( 8.5%) |
| Median Home Value | $954,137 |
| Average Home Value | $1,148,559 |
Housing Distribution
Address Breakdown
Residential
17,571
Single Family
9,141
Multi-Family
8,430
Businesses
880
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Listed by: Dee Scott • KW Mountains to Sound Realty
Mls Name: NWMLS
Mls ID: #2453152