4545 Sand Point Way NE #304SeattleWA98105
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 4545 Sand Point Way NE #304, Seattle, WA, 98105 in Seattle hard to pass up. The 10.19% gross yield on a $380,000 purchase results in $3,227/mo in rent and $943/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (1.89). Annual cash flow of $11,311, five-year appreciation of $104,987, and $3,500/yr in equity build-up combine for a projected total cumulative return of $204,462.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.2% | 4.8% |
| Monthly Cash Flow | $943 | $1,250 |
City averages based on Seattle market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,227 |
| Total Monthly Debt Service | $2,133 |
| DSCR Ratio | 1.51x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1968
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1968
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Seung K. Chung • The Preview Group
Mls Name: NWMLS
Mls ID: #2438813