2510 6th Avenue #3502SeattleWA98121
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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
Rental property for sale in Seattle at 2510 6th Avenue #3502, Seattle, WA, 98121 generates $6,174/mo in rent, after a $8,663/mo payment. Total monthly income is $6,174/mo. Return on cash invested sits at 11.03% in year one, and rental yield is 4.19% on a $1,770,000 entry. Equity gained on principal adds $11,422/yr, while 5% annual appreciation builds toward $489,018 over five years. Five-year ROI reaches 54.87% and total cumulative return in cash sums $314,664. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,174/mo property income rather than buyer’s personal income.
Condo
Built in 2022
1,067 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98121, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,500 (100%) |
| Owner Occupied HU | 3,599 (20.6%) |
| Renter Occupied HU | 12,319 (70.4%) |
| Vacant Housing Units | 1,582 ( 9.0%) |
| Median Home Value | $989,046 |
| Average Home Value | $1,081,110 |
Housing Distribution
Address Breakdown
Residential
17,321
Single Family
1,582
Multi-Family
15,739
Businesses
1,207
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Listed by: Michael Wolf • COMPASS
Mls Name: NWMLS
Mls ID: #2415626