2606 E Olive StSeattleWA98122
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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 2606 E Olive St, Seattle, WA, 98122 priced at $1,328,000 converts $6,662/mo rent into after a $6,500/mo obligation. Total monthly income equals $6,662/mo. Return on cash invested prints 16.4% in year one, and rental yield reads 6.02% against a $1,328,000 entry. Equity gained on principal adds $8,569/yr, while 5% annual appreciation compiles into $366,902 by year five. Five-year ROI reaches 83.79% and total cumulative return in cash sums $360,538. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,662/mo property income covering a $6,500/mo payment, not borrower’s personal income.
Single Family
Built in 1999
2,821 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98122, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,284 (100%) |
| Owner Occupied HU | 6,016 (23.8%) |
| Renter Occupied HU | 16,924 (66.9%) |
| Vacant Housing Units | 2,344 ( 9.3%) |
| Median Home Value | $1,148,288 |
| Average Home Value | $1,265,324 |
Housing Distribution
Address Breakdown
Residential
25,551
Single Family
7,950
Multi-Family
17,601
Businesses
1,476
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