505 E Denny Way Avenue #A207SeattleWA98122
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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 505 E Denny Way Avenue #A207, Seattle, WA, 98122 generates $2,105/mo in rent and, after a $1,664/mo payment, leaves $61/mo in cash flow. Total monthly income is $2,105/mo, and annual cash flow is $736/yr on $112,710 invested. Return on cash invested sits at 20.56% in year one, and rental yield is 7.43% on a $340,000 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 106.14% and total cumulative return in cash sums $119,634. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,105/mo property income rather than buyer’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: John Paul • Redfin
Mls Name: NWMLS
Mls ID: #2415766