2621 2nd Avenue #1503SeattleWA98121
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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 2621 2nd Avenue #1503, Seattle, WA, 98121 offers a 8.84% rental yield on a $499,000 purchase with $3,677/mo rent. Total monthly income registers $3,677/mo, and a $2,442/mo payment leaves $678/mo available for distribution. Annual cash flow reaches $8,133/yr on $165,419 to close, and return on cash invested stands at 24.83% in year one. Equity gained on principal adds $3,220/yr while 5% annual appreciation supports $137,865 over five years. Portfolio math shows five-year ROI at 128.97% and total cumulative return in cash at $213,342. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,677/mo property income against a $2,442/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1980
N/A 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: Lin S. Shih • Coldwell Banker Bain
Mls Name: NWMLS
Mls ID: #2429686