600 Malden Avenue E #104SeattleWA98112
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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 600 Malden Avenue E #104, Seattle, WA, 98112 generates $3,920/mo in rent and, after a $2,885/mo payment, leaves $377/mo in cash flow. Total monthly income is $3,920/mo, and annual cash flow is $4,521/yr on $193,946 invested. Return on cash invested sits at 22.39% in year one, and rental yield is 7.98% on a $589,500 entry. Equity gained on principal adds $3,804/yr, while 5% annual appreciation builds toward $162,868 over five years. Five-year ROI reaches 115.88% and total cumulative return in cash sums $224,739. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,920/mo property income rather than buyer’s personal income.
Condo
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98112, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,995 (100%) |
| Owner Occupied HU | 5,865 (53.3%) |
| Renter Occupied HU | 4,485 (40.8%) |
| Vacant Housing Units | 645 ( 5.9%) |
| Median Home Value | $1,653,721 |
| Average Home Value | $1,626,208 |
Housing Distribution
Address Breakdown
Residential
11,280
Single Family
6,851
Multi-Family
4,429
Businesses
545
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Listed by: Patrick Buckley • COMPASS
Mls Name: NWMLS
Mls ID: #2418745