2587 8th Avenue WSeattleWA98119
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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 2587 8th Avenue W, Seattle, WA, 98119 generates $6,500/mo in rent, after a $7,807/mo payment. Total monthly income is $6,500/mo. Return on cash invested sits at 13.2% in year one, and rental yield is 4.89% on a $1,595,000 entry. Equity gained on principal adds $10,292/yr, while 5% annual appreciation builds toward $440,669 over five years. Five-year ROI reaches 66.52% and total cumulative return in cash sums $343,757. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,500/mo property income rather than buyer’s personal income.
Single Family
Built in 1921
6,743 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98119, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,303 (100%) |
| Owner Occupied HU | 5,344 (34.9%) |
| Renter Occupied HU | 8,857 (57.9%) |
| Vacant Housing Units | 1,102 ( 7.2%) |
| Median Home Value | $1,368,989 |
| Average Home Value | $1,414,364 |
Housing Distribution
Address Breakdown
Residential
14,152
Single Family
5,404
Multi-Family
8,748
Businesses
905
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Listed by: Joanna Dooley • John L. Scott, Inc.
Mls Name: NWMLS
Mls ID: #2414664