520 2nd Avenue W #406SeattleWA98119
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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 520 2nd Avenue W #406, Seattle, WA, 98119 listed at $349,950 pairs $2,464/mo rent with a $1,713/mo payment to leave $360/mo cash flow. Total monthly income runs $2,464/mo, and annual cash flow reaches $4,323/yr on $116,008 cash to close. Return on cash invested measures 23.64% in year one, and rental yield registers 8.45% at a $349,950 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,685 by year five. Five-year ROI tracks 122.61% and total cumulative return in cash totals $142,234. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,464/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1992
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: Tanya Thackeray • Windermere Real Estate Co.
Mls Name: NWMLS
Mls ID: #2454445