2827 Franklin Avenue E #N9SeattleWA98102
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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 2827 Franklin Avenue E #N9, Seattle, WA, 98102 listed at $475,000 pairs $3,379/mo rent with a $2,325/mo payment to leave $524/mo cash flow. Total monthly income runs $3,379/mo, and annual cash flow reaches $6,283/yr on $157,463 cash to close. Return on cash invested measures 23.9% in year one, and rental yield registers 8.54% at a $475,000 basis. Equity gained on principal adds $3,065/yr, and annual property appreciation at 5% supports $131,234 by year five. Five-year ROI tracks 124% and total cumulative return in cash totals $195,259. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,379/mo property income relative to a $2,325/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98102, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,617 (100%) |
| Owner Occupied HU | 4,535 (24.4%) |
| Renter Occupied HU | 12,560 (67.5%) |
| Vacant Housing Units | 1,522 ( 8.2%) |
| Median Home Value | $1,367,110 |
| Average Home Value | $1,409,002 |
Housing Distribution
Address Breakdown
Residential
17,363
Single Family
3,956
Multi-Family
13,407
Businesses
799
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Listed by: Sue Carter Johnson • Windermere Real Estate Midtown
Mls Name: NWMLS
Mls ID: #2445406