259 E Louisa StreetSeattleWA98102
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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 259 E Louisa Street, Seattle, WA, 98102 priced at $1,125,999 converts $2,224/mo rent into after a $5,511/mo obligation. Total monthly income equals $2,224/mo. Return on cash invested prints 5.42% in year one, and rental yield reads 2.37% against a $1,125,999 entry. Equity gained on principal adds $7,266/yr, while 5% annual appreciation compiles into $311,093 by year five. Five-year ROI reaches 24.82% and total cumulative return in cash sums $90,550. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,224/mo property income covering a $5,511/mo payment, not borrower’s personal income.
Townhouse
Built in 2025
810.22 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98102, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,617 (100%) |
| Owner Occupied HU | 4,535 (24.4%) |
| Renter Occupied HU | 12,560 (67.5%) |
| Vacant Housing Units | 1,522 ( 8.2%) |
| Median Home Value | $1,367,110 |
| Average Home Value | $1,409,002 |
Housing Distribution
Address Breakdown
Residential
17,363
Single Family
3,956
Multi-Family
13,407
Businesses
799
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Listed by: Cherrie Lee • Realogics Sotheby's Int'l Rlty
Mls Name: NWMLS
Mls ID: #2371664