590 1st Avenue #601SeattleWA98104
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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
Total monthly income runs $3,306/mo, and a $2,863/mo payment. Purchase price stands at $585,000, and rental yield measures 6.78% with $3,306/mo rent. Return on cash invested shows 18.75% in year one, and 5% annual appreciation builds toward $161,625 over five years. Five-year ROI reaches 96.35% and total cumulative return in cash records $185,442. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,306/mo property income covering a $2,863/mo payment rather than investor’s personal income.
Condo
Built in 2018
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98104, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,291 (100%) |
| Owner Occupied HU | 1,286 ( 9.7%) |
| Renter Occupied HU | 9,780 (73.6%) |
| Vacant Housing Units | 2,225 (16.7%) |
| Median Home Value | $1,103,755 |
| Average Home Value | $1,200,507 |
Housing Distribution
Address Breakdown
Residential
12,846
Single Family
683
Multi-Family
12,163
Businesses
2,217
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Listed by: Kirk Russell • John L. Scott, Inc.
Mls Name: NWMLS
Mls ID: #2421174