5240 39th Avenue SSeattleWA98118
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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 5240 39th Avenue S, Seattle, WA, 98118 offers a 7.26% rental yield on a $629,950 purchase with $3,810/mo rent. Total monthly income registers $3,810/mo, and a $3,083/mo payment leaves $24/mo available for distribution. Annual cash flow reaches $283/yr on $207,254 to close, and return on cash invested stands at 20.2% in year one. Equity gained on principal adds $4,065/yr while 5% annual appreciation supports $174,044 over five years. Portfolio math shows five-year ROI at 104.11% and total cumulative return in cash at $215,779. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,810/mo property income against a $3,083/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1909
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98118, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,071 (100%) |
| Owner Occupied HU | 10,434 (52.0%) |
| Renter Occupied HU | 8,756 (43.6%) |
| Vacant Housing Units | 881 ( 4.4%) |
| Median Home Value | $876,613 |
| Average Home Value | $1,025,181 |
Housing Distribution
Address Breakdown
Residential
19,933
Single Family
13,469
Multi-Family
6,464
Businesses
1,135
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Listed by: Albert D Clark • Real Residential
Mls Name: NWMLS
Mls ID: #2460022