3420 Burke Avenue N #B302SeattleWA98103
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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 3420 Burke Avenue N #B302, Seattle, WA, 98103 offers a 8.14% rental yield on a $365,000 purchase with $2,476/mo rent. Total monthly income registers $2,476/mo, and a $1,786/mo payment leaves $282/mo available for distribution. Annual cash flow reaches $3,389/yr on $120,998 to close, and return on cash invested stands at 22.71% in year one. Equity gained on principal adds $2,355/yr while 5% annual appreciation supports $100,843 over five years. Portfolio math shows five-year ROI at 117.64% and total cumulative return in cash at $142,339. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,476/mo property income against a $1,786/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1989
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: Gwen Kellett • Windermere Real Estate Midtown
Mls Name: NWMLS
Mls ID: #2422616