3054 Fairmount Ave SWSeattleWA98116
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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 3054 Fairmount Ave SW, Seattle, WA, 98116 offers a 6.88% rental yield on a $679,950 purchase with $3,901/mo rent. 06% in year one. Equity gained on principal adds $4,388/yr while 5% annual appreciation supports $187,858 over five years. Portfolio math shows five-year ROI at 98.02% and total cumulative return in cash at $219,285. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,901/mo property income against a $3,328/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2025
914.76 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98116, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,246 (100%) |
| Owner Occupied HU | 7,092 (49.8%) |
| Renter Occupied HU | 6,420 (45.1%) |
| Vacant Housing Units | 734 ( 5.2%) |
| Median Home Value | $1,120,764 |
| Average Home Value | $1,275,439 |
Housing Distribution
Address Breakdown
Residential
14,702
Single Family
7,904
Multi-Family
6,798
Businesses
790
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Listed by: Jingxuan Yang • Best Choice Network LLC
Mls Name: NWMLS
Mls ID: #2456092