3817 Letitia Avenue SSeattleWA98118
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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
Total monthly income runs $3,589/mo, and a $3,392/mo payment. Purchase price stands at $693,000, and rental yield measures 6.21% with $3,589/mo rent. Return on cash invested shows 17.02% in year one, and 5% annual appreciation builds toward $191,463 over five years. Five-year ROI reaches 87.12% and total cumulative return in cash records $198,626. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,589/mo property income covering a $3,392/mo payment rather than investor’s personal income.
Condo
Built in 2025
1,089 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98118, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,071 (100%) |
| Owner Occupied HU | 10,434 (52.0%) |
| Renter Occupied HU | 8,756 (43.6%) |
| Vacant Housing Units | 881 ( 4.4%) |
| Median Home Value | $876,613 |
| Average Home Value | $1,025,181 |
Housing Distribution
Address Breakdown
Residential
19,933
Single Family
13,469
Multi-Family
6,464
Businesses
1,135
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Listed by: Tuyet G. Luong • Keller Williams Rlty Bellevue
Mls Name: NWMLS
Mls ID: #2465236