606 E Thomas Street UNIT ISeattleWA98102
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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 606 E Thomas Street UNIT I, Seattle, WA, 98102 uses $91,163 cash to close to unlock $2,027/yr annual cash flow and $169/mo monthly cash flow. Total monthly income runs $2,472/mo, and a $1,346/mo payment keeps the spread at $169/mo. Purchase price stands at $275,000, and rental yield measures 10.79% with $2,472/mo rent. Return on cash invested shows 22.13% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 117.64% and total cumulative return in cash records $107,243. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,472/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Condo
Built in 1906
4,260 sqft lot
$N/A/sqft
$650 monthly 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: Claire E. Newman • Windermere R E Mount Baker
Mls Name: NWMLS
Mls Provider:
Mls ID: #2261654
Disclaimer: Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2024. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2024 NWMLS. All rights are reserved. Disclaimer: The information contained in this listing has not been verified by Zillow, Inc. and should be verified by the buyer. Some IDX listings have been excluded from this website.