2821 2nd Avenue #1102SeattleWA98121
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Total monthly income runs $5,903/mo, and a $9,197/mo payment. Purchase price stands at $1,879,000, and rental yield measures 3.77% with $5,903/mo rent. Return on cash invested shows 9.74% in year one, and 5% annual appreciation builds toward $519,133 over five years. Five-year ROI reaches 47.98% and total cumulative return in cash records $292,090. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,903/mo property income covering a $9,197/mo payment rather than investor’s personal income.
Condo
Built in 1982
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Moira E Holley • Realogics Sotheby's Int'l Rlty
Mls Name: NWMLS
Mls ID: #2415814