2843 Franklin Avenue ESeattleWA98102
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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 2843 Franklin Avenue E, Seattle, WA, 98102 generates $4,783/mo in rent, after a $5,188/mo payment. Total monthly income is $4,783/mo. Return on cash invested sits at 14.22% in year one, and rental yield is 5.41% on a $1,060,000 entry. Equity gained on principal adds $6,840/yr, while 5% annual appreciation builds toward $292,858 over five years. Five-year ROI reaches 72.25% and total cumulative return in cash sums $248,125. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,783/mo property income rather than buyer’s personal income.
Townhouse
Built in 2016
1,171 sqft lot
$N/A/sqft
$50 monthly 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: Natalie Ward • Realogics Sotheby's Int'l Rlty
Mls Name: NWMLS
Mls Provider:
Mls ID: #2381897
Disclaimer: Based on information submitted to the MLS GRID as of 2025-11-01 21:19:42 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#39)