3130 Portage Bay Place E #CSeattleWA98102
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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 3130 Portage Bay Place E #C, Seattle, WA, 98102 offers a 2.75% rental yield on a $1,480,000 purchase with $3,396/mo rent. 6% in year one. Equity gained on principal adds $9,550/yr while 5% annual appreciation supports $408,897 over five years. Portfolio math shows five-year ROI at 31.16% and total cumulative return in cash at $149,432. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,396/mo property income against a $7,244/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
1 sqft 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: Courtney Cooper Neese • Seattle Afloat LLC
Mls Name: NWMLS
Mls ID: #2447417