3401 Wallingford Avenue N #403SeattleWA98103
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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
Rental property for sale in Seattle at 3401 Wallingford Avenue N #403, Seattle, WA, 98103 generates $2,429/mo in rent and, after a $1,950/mo payment, leaves $34/mo in cash flow. Total monthly income is $2,429/mo, and annual cash flow is $408/yr on $132,103 invested. Return on cash invested sits at 20.22% in year one, and rental yield is 7.31% on a $398,500 entry. Equity gained on principal adds $2,571/yr, while 5% annual appreciation builds toward $110,098 over five years. Five-year ROI reaches 104.29% and total cumulative return in cash sums $137,773. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,429/mo property income rather than buyer’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98103, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,485 (100%) |
| Owner Occupied HU | 12,186 (42.8%) |
| Renter Occupied HU | 14,816 (52.0%) |
| Vacant Housing Units | 1,483 ( 5.2%) |
| Median Home Value | $1,179,785 |
| Average Home Value | $1,252,363 |
Housing Distribution
Address Breakdown
Residential
26,783
Single Family
15,098
Multi-Family
11,685
Businesses
2,261
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Listed by: Patrick Suarez • Urban Commercial Partners, LLC
Mls Name: NWMLS
Mls ID: #2431498