3089 Alki Avenue SW #2SeattleWA98116
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3089 Alki Avenue SW #2, Seattle, WA, 98116 listed at $1,750,000 pairs $6,754/mo rent with a $8,565/mo payment. Total monthly income runs $6,754/mo. Return on cash invested measures 12.4% in year one, and rental yield registers 4.63% at a $1,750,000 basis. Equity gained on principal adds $11,292/yr, and annual property appreciation at 5% supports $483,493 by year five. Five-year ROI tracks 62.24% and total cumulative return in cash totals $352,893. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,754/mo property income relative to a $8,565/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1983
8,624 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cori Allan • Keller Williams Seattle Metro
Mls Name: NWMLS
Mls ID: #2455954