500 5th Ave W UNIT 505SeattleWA98119
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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 500 5th Ave W UNIT 505, Seattle, WA, 98119 generates $3,286/mo in rent, after a $3,295/mo payment. Total monthly income is $3,286/mo. Return on cash invested sits at 15.69% in year one, and rental yield is 5.86% on a $673,200 entry. Equity gained on principal adds $4,344/yr, while 5% annual appreciation builds toward $185,993 over five years. Five-year ROI reaches 80.07% and total cumulative return in cash sums $177,350. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,286/mo property income rather than buyer’s personal income.
Condo
Built in 1968
0.33 Acres lot
$N/A/sqft
$45 monthly HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 98119, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,303 (100%) |
| Owner Occupied HU | 5,344 (34.9%) |
| Renter Occupied HU | 8,857 (57.9%) |
| Vacant Housing Units | 1,102 ( 7.2%) |
| Median Home Value | $1,368,989 |
| Average Home Value | $1,414,364 |
Housing Distribution
Address Breakdown
Residential
14,152
Single Family
5,404
Multi-Family
8,748
Businesses
905
Price History
Date | Event | Price |
|---|---|---|
| 2007-09-26 | Sold | $516,500 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-15 | $4962.93 | -11.04% | $529,000 | -12.71% |
| 2023-10-15 | $5579.02 | 17.09% | $606,000 | 5.21% |
| 2022-10-15 | $4764.81 | -3.02% | $576,000 | 5.30% |
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Facts & Features
General Information
- Type: Condo
- Year Built: 1968
- Architectural Style: N/A
- Building Area: N/A
- Living Area: 966 sqft
- Property Condition: N/A
Features & Amenities
- Heating: N/A
- Cooling: N/A
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Garage - Attached
HOA & Fees
- HOA Fee: $45 monthly
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: N/A
- Water Source: N/A
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A