500 W Olympic Place #203SeattleWA98119
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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 500 W Olympic Place #203, Seattle, WA, 98119 offers a 8.85% rental yield on a $570,000 purchase with $4,205/mo rent. Total monthly income registers $4,205/mo, and a $2,790/mo payment leaves $779/mo available for distribution. Annual cash flow reaches $9,342/yr on $187,530 to close, and return on cash invested stands at 25.04% in year one. Equity gained on principal adds $3,678/yr while 5% annual appreciation supports $157,480 over five years. Portfolio math shows five-year ROI at 130.1% and total cumulative return in cash at $243,985. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,205/mo property income against a $2,790/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1962
N/A lot
$N/A/sqft
No HOA
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
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Listed by: Yang Song • MY REALTY GROUP LLC
Mls Name: NWMLS
Mls ID: #2441517