308 E Republican Street #508SeattleWA98102
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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 308 E Republican Street #508, Seattle, WA, 98102 earns $435/mo cash flow from $2,412/mo rent with a $1,610/mo payment. Total monthly income totals $2,412/mo, and annual cash flow totals $5,215/yr on $109,064 capital. ROI tracks 24.69% on current figures, and rental yield reads 8.8% at a $329,000 purchase. Equity gained on principal adds $2,123/yr, and 5% annual appreciation supports $90,897 over five years. Five-year ROI reaches 128.26% and total cumulative return in cash sums $139,881. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,412/mo property income instead of your personal income.
Condo
Built in 1961
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: Victor Smith • Windermere Real Estate Midtown
Mls Name: NWMLS
Mls ID: #2465604