4002 2nd Avenue NESeattleWA98105
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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 4002 2nd Avenue NE, Seattle, WA, 98105 earns from $3,390/mo rent with a $6,828/mo payment. Total monthly income totals $3,390/mo. ROI tracks 7.11% on current figures, and rental yield reads 2.92% at a $1,395,000 purchase. Equity gained on principal adds $9,002/yr, and 5% annual appreciation supports $385,413 over five years. Five-year ROI reaches 33.86% and total cumulative return in cash sums $153,022. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,390/mo property income instead of your personal income.
Multi Family
Built in 1923
4,669 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98105, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,129 (100%) |
| Owner Occupied HU | 5,573 (25.2%) |
| Renter Occupied HU | 14,642 (66.2%) |
| Vacant Housing Units | 1,914 ( 8.6%) |
| Median Home Value | $1,357,253 |
| Average Home Value | $1,424,115 |
Housing Distribution
Address Breakdown
Residential
19,980
Single Family
8,289
Multi-Family
11,691
Businesses
1,361
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Listed by: Linda G. Dorgan • John L. Scott, Inc.
Mls Name: NWMLS
Mls ID: #2463024