2562 Thorndyke Avenue W #104SeattleWA98199
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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 2562 Thorndyke Avenue W #104, Seattle, WA, 98199 earns $828/mo cash flow from $3,527/mo rent with a $2,198/mo payment. Total monthly income totals $3,527/mo, and annual cash flow totals $9,931/yr on $148,844 capital. ROI tracks 26.58% on current figures, and rental yield reads 9.43% at a $449,000 purchase. Equity gained on principal adds $2,897/yr, and 5% annual appreciation supports $124,050 over five years. Five-year ROI reaches 138.38% and total cumulative return in cash sums $205,972. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,527/mo property income instead of your personal income.
Condo
Built in 1969
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98199, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,001 (100%) |
| Owner Occupied HU | 6,311 (63.1%) |
| Renter Occupied HU | 3,315 (33.1%) |
| Vacant Housing Units | 375 ( 3.7%) |
| Median Home Value | $1,410,021 |
| Average Home Value | $1,456,671 |
Housing Distribution
Address Breakdown
Residential
9,958
Single Family
7,175
Multi-Family
2,783
Businesses
476
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Listed by: Mindy Price • eXp Realty
Mls Name: NWMLS
Mls ID: #2443083