2770 Westlake Avenue N #6SeattleWA98109
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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 2770 Westlake Avenue N #6, Seattle, WA, 98109 generates $3,725/mo in rent, after a $7,905/mo payment. Total monthly income is $3,725/mo. Return on cash invested sits at 6.65% in year one, and rental yield is 2.77% on a $1,615,000 entry. Equity gained on principal adds $10,421/yr, while 5% annual appreciation builds toward $446,195 over five years. Five-year ROI reaches 31.39% and total cumulative return in cash sums $164,265. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,725/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
1,149 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98109, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,162 (100%) |
| Owner Occupied HU | 3,929 (16.3%) |
| Renter Occupied HU | 18,176 (75.2%) |
| Vacant Housing Units | 2,057 ( 8.5%) |
| Median Home Value | $1,151,246 |
| Average Home Value | $1,212,211 |
Housing Distribution
Address Breakdown
Residential
24,151
Single Family
3,860
Multi-Family
20,291
Businesses
1,842
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Listed by: Molly A Cartwright • Windermere Real Estate Midtown
Mls Name: NWMLS
Mls ID: #2423103