530 Broadway E #504SeattleWA98102
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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 530 Broadway E #504, Seattle, WA, 98102 uses $149,801 cash to close to unlock $3,821/yr annual cash flow and $318/mo monthly cash flow. Total monthly income runs $3,035/mo, and a $2,212/mo payment keeps the spread at $318/mo. Purchase price stands at $451,888, and rental yield measures 8.06% with $3,035/mo rent. Return on cash invested shows 22.46% in year one, and 5% annual appreciation builds toward $124,848 over five years. Five-year ROI reaches 116.3% and total cumulative return in cash records $174,215. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,035/mo property income covering a $2,212/mo payment rather than investor’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98102, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,617 (100%) |
| Owner Occupied HU | 4,535 (24.4%) |
| Renter Occupied HU | 12,560 (67.5%) |
| Vacant Housing Units | 1,522 ( 8.2%) |
| Median Home Value | $1,367,110 |
| Average Home Value | $1,409,002 |
Housing Distribution
Address Breakdown
Residential
17,363
Single Family
3,956
Multi-Family
13,407
Businesses
799
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Listed by: Leah Kennedy • Redfin
Mls Name: NWMLS
Mls ID: #2429988