4540 8th Avenue NE #2302SeattleWA98105
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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 4540 8th Avenue NE #2302, Seattle, WA, 98105 generates $4,002/mo in rent and, after a $2,687/mo payment, leaves $702/mo in cash flow. Total monthly income is $4,002/mo, and annual cash flow is $8,423/yr on $180,621 invested. Return on cash invested sits at 24.72% in year one, and rental yield is 8.75% on a $549,000 entry. Equity gained on principal adds $3,543/yr, while 5% annual appreciation builds toward $151,679 over five years. Five-year ROI reaches 128.38% and total cumulative return in cash sums $231,884. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,002/mo property income rather than buyer’s personal income.
Condo
Built in 1974
1.24 Acres 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: Monte Swears • Windermere Real Estate Co.
Mls Name: NWMLS
Mls ID: #2429970