6517 31st Avenue SSeattleWA98108
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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 6517 31st Avenue S, Seattle, WA, 98108 generates $3,660/mo in rent, after a $3,177/mo payment. Total monthly income is $3,660/mo. Return on cash invested sits at 18.7% in year one, and rental yield is 6.77% on a $649,000 entry. Equity gained on principal adds $4,188/yr, while 5% annual appreciation builds toward $179,307 over five years. Five-year ROI reaches 96.11% and total cumulative return in cash sums $205,224. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,660/mo property income rather than buyer’s personal income.
Single Family
Built in 2001
2,718 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98108, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,328 (100%) |
| Owner Occupied HU | 4,948 (53.0%) |
| Renter Occupied HU | 3,922 (42.0%) |
| Vacant Housing Units | 458 ( 4.9%) |
| Median Home Value | $749,652 |
| Average Home Value | $849,608 |
Housing Distribution
Address Breakdown
Residential
8,731
Single Family
7,391
Multi-Family
1,340
Businesses
1,776
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Listed by: Lan Cao • The Preview Group
Mls Name: NWMLS
Mls ID: #2426407