4504 S 124th StreetSeattleWA98178
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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 4504 S 124th Street, Seattle, WA, 98178 offers a 6.8% rental yield on a $619,900 purchase with $3,515/mo rent. 82% in year one. Equity gained on principal adds $4,000/yr while 5% annual appreciation supports $171,267 over five years. Portfolio math shows five-year ROI at 96.72% and total cumulative return in cash at $197,252. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,515/mo property income against a $3,034/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
7,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98178, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,308 (100%) |
| Owner Occupied HU | 6,066 (65.2%) |
| Renter Occupied HU | 2,839 (30.5%) |
| Vacant Housing Units | 403 ( 4.3%) |
| Median Home Value | $736,884 |
| Average Home Value | $853,702 |
Housing Distribution
Address Breakdown
Residential
9,600
Single Family
7,879
Multi-Family
1,721
Businesses
248
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Listed by: Spencer Bowen • eXp Realty
Mls Name: NWMLS
Mls ID: #2438072