505 E Denny Way #A304SeattleWA98122
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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 505 E Denny Way #A304, Seattle, WA, 98122 uses $82,544 cash to close to unlock $2,927/yr annual cash flow and $244/mo monthly cash flow. Total monthly income runs $1,741/mo, and a $1,219/mo payment keeps the spread at $244/mo. Purchase price stands at $249,000, and rental yield measures 8.39% with $1,741/mo rent. Return on cash invested shows 23.46% in year one, and 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 121.62% and total cumulative return in cash records $100,388. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,741/mo property income covering a $1,219/mo payment rather than investor’s personal income.
Condo
Built in 1923
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98122, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,284 (100%) |
| Owner Occupied HU | 6,016 (23.8%) |
| Renter Occupied HU | 16,924 (66.9%) |
| Vacant Housing Units | 2,344 ( 9.3%) |
| Median Home Value | $1,148,288 |
| Average Home Value | $1,265,324 |
Housing Distribution
Address Breakdown
Residential
25,551
Single Family
7,950
Multi-Family
17,601
Businesses
1,476
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Listed by: Amie Stewart • COMPASS
Mls Name: NWMLS
Mls ID: #2436524