6501 24th Avenue NW #ASeattleWA98117
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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 6501 24th Avenue NW #A, Seattle, WA, 98117 listed at $299,000 pairs $1,973/mo rent with a $1,463/mo payment to leave $176/mo cash flow. Total monthly income runs $1,973/mo, and annual cash flow reaches $2,113/yr on $99,119 cash to close. Return on cash invested measures 22.04% in year one, and rental yield registers 7.92% at a $299,000 basis. Equity gained on principal adds $1,929/yr, and annual property appreciation at 5% supports $82,608 by year five. Five-year ROI tracks 114.09% and total cumulative return in cash totals $113,086. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,973/mo property income relative to a $1,463/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1977
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98117, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,456 (100%) |
| Owner Occupied HU | 10,467 (67.7%) |
| Renter Occupied HU | 4,416 (28.6%) |
| Vacant Housing Units | 573 ( 3.7%) |
| Median Home Value | $1,114,719 |
| Average Home Value | $1,212,438 |
Housing Distribution
Address Breakdown
Residential
15,298
Single Family
13,059
Multi-Family
2,239
Businesses
368
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Listed by: Missi Huff • Coldwell Banker Bain
Mls Name: NWMLS
Mls ID: #2460966