6616 Flora 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
Investment property for sale in Seattle at 6616 Flora Avenue S, Seattle, WA, 98108 offers a 1.96% rental yield on a $1,100,000 purchase with $1,796/mo rent. 15% in year one. Equity gained on principal adds $7,098/yr while 5% annual appreciation supports $303,910 over five years. Portfolio math shows five-year ROI at 18.02% and total cumulative return in cash at $64,207. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,796/mo property income against a $5,384/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
5,998 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: Robin M. Tomazic • RE/MAX Metro Realty, Inc.
Mls Name: NWMLS
Mls ID: #2458379