311 W Smith StreetSeattleWA98119
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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 311 W Smith Street, Seattle, WA, 98119 with 5% annual appreciation on a $1,249,950 basis while $4,729/mo rent supports operations. 12% in year one. Equity gained on principal adds $8,066/yr, and five-year appreciation sums $345,338 alongside rental yield of 4.54%. Five-year ROI measures 60.74% and total cumulative return in cash totals $245,974. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,729/mo property income versus a $6,118/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1910
2,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98119, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,303 (100%) |
| Owner Occupied HU | 5,344 (34.9%) |
| Renter Occupied HU | 8,857 (57.9%) |
| Vacant Housing Units | 1,102 ( 7.2%) |
| Median Home Value | $1,368,989 |
| Average Home Value | $1,414,364 |
Housing Distribution
Address Breakdown
Residential
14,152
Single Family
5,404
Multi-Family
8,748
Businesses
905
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Listed by: Jeffrey A Valcik • John L. Scott, Inc.
Mls Name: NWMLS
Mls ID: #2420976