2642 NW 59th Street #301SeattleWA98107
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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 2642 NW 59th Street #301, Seattle, WA, 98107 offers a 7.74% rental yield on a $439,000 purchase with $2,832/mo rent. Total monthly income registers $2,832/mo, and a $2,149/mo payment leaves $193/mo available for distribution. Annual cash flow reaches $2,313/yr on $145,529 to close, and return on cash invested stands at 21.5% in year one. Equity gained on principal adds $2,833/yr while 5% annual appreciation supports $121,288 over five years. Portfolio math shows five-year ROI at 111.13% and total cumulative return in cash at $161,732. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,832/mo property income against a $2,149/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1987
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98107, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,998 (100%) |
| Owner Occupied HU | 6,002 (35.3%) |
| Renter Occupied HU | 10,066 (59.2%) |
| Vacant Housing Units | 930 ( 5.5%) |
| Median Home Value | $1,004,136 |
| Average Home Value | $1,128,263 |
Housing Distribution
Address Breakdown
Residential
16,211
Single Family
7,854
Multi-Family
8,357
Businesses
1,507
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Listed by: Mindy Perque • Windermere Real Estate Co.
Mls Name: NWMLS
Mls ID: #2457027