2820 E Madison Street #204SeattleWA98112
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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 2820 E Madison Street #204, Seattle, WA, 98112 earns $180/mo cash flow from $3,997/mo rent with a $3,108/mo payment. Total monthly income totals $3,997/mo, and annual cash flow totals $2,159/yr on $208,915 capital. ROI tracks 21.09% on current figures, and rental yield reads 7.55% at a $635,000 purchase. Equity gained on principal adds $4,098/yr, and 5% annual appreciation supports $175,439 over five years. Five-year ROI reaches 108.93% and total cumulative return in cash sums $227,564. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,997/mo property income instead of your personal income.
Condo
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98112, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,995 (100%) |
| Owner Occupied HU | 5,865 (53.3%) |
| Renter Occupied HU | 4,485 (40.8%) |
| Vacant Housing Units | 645 ( 5.9%) |
| Median Home Value | $1,653,721 |
| Average Home Value | $1,626,208 |
Housing Distribution
Address Breakdown
Residential
11,280
Single Family
6,851
Multi-Family
4,429
Businesses
545
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Listed by: Kathryn H. Hinds • Windermere Real Estate Co.
Mls Name: NWMLS
Mls ID: #2402417