3030 S 216 Street #ESeattleWA98198
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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 3030 S 216 Street #E, Seattle, WA, 98198 listed at $1,099,999 pairs $2,215/mo rent with a $5,384/mo payment. Total monthly income runs $2,215/mo. Return on cash invested measures 5.56% in year one, and rental yield registers 2.42% at a $1,099,999 basis. Equity gained on principal adds $7,098/yr, and annual property appreciation at 5% supports $303,909 by year five. Five-year ROI tracks 25.58% and total cumulative return in cash totals $91,183. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,215/mo property income relative to a $5,384/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1979
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98198, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,551 (100%) |
| Owner Occupied HU | 7,940 (51.1%) |
| Renter Occupied HU | 6,643 (42.7%) |
| Vacant Housing Units | 968 ( 6.2%) |
| Median Home Value | $668,434 |
| Average Home Value | $799,850 |
Housing Distribution
Address Breakdown
Residential
14,886
Single Family
8,936
Multi-Family
5,950
Businesses
818
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Listed by: Abiel Zewolday • Keller Williams Realty Bothell
Mls Name: NWMLS
Mls ID: #2470523