2636 22nd Avenue W #101SeattleWA98199
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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 2636 22nd Avenue W #101, Seattle, WA, 98199 uses $165,750 cash to close to unlock $4,340/yr annual cash flow and $362/mo monthly cash flow. Total monthly income runs $3,367/mo, and a $2,447/mo payment keeps the spread at $362/mo. Purchase price stands at $500,000, and rental yield measures 8.08% with $3,367/mo rent. Return on cash invested shows 22.53% in year one, and 5% annual appreciation builds toward $138,141 over five years. Five-year ROI reaches 116.65% and total cumulative return in cash records $193,352. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,367/mo property income covering a $2,447/mo payment rather than investor’s personal income.
Condo
Built in 1968
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: Rachel Rowland • Real Broker LLC
Mls Name: NWMLS
Mls ID: #2447750