6511 51st Avenue SSeattleWA98118
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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 6511 51st Avenue S, Seattle, WA, 98118 listed at $860,000 pairs $5,507/mo rent with a $4,209/mo payment to leave $338/mo cash flow. Total monthly income runs $5,507/mo, and annual cash flow reaches $4,052/yr on $282,940 cash to close. Return on cash invested measures 21.49% in year one, and rental yield registers 7.68% at a $860,000 basis. Equity gained on principal adds $5,549/yr, and annual property appreciation at 5% supports $237,602 by year five. Five-year ROI tracks 111.06% and total cumulative return in cash totals $314,237. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,507/mo property income relative to a $4,209/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1918
6,730 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98118, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,071 (100%) |
| Owner Occupied HU | 10,434 (52.0%) |
| Renter Occupied HU | 8,756 (43.6%) |
| Vacant Housing Units | 881 ( 4.4%) |
| Median Home Value | $876,613 |
| Average Home Value | $1,025,181 |
Housing Distribution
Address Breakdown
Residential
19,933
Single Family
13,469
Multi-Family
6,464
Businesses
1,135
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Listed by: David C. Neth • Coldwell Banker Danforth
Mls Name: NWMLS
Mls ID: #2408778