6648 Park Point Way NE #D-111SeattleWA98115
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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 6648 Park Point Way NE #D-111, Seattle, WA, 98115 uses $154,148 cash to close to unlock $9,237/yr annual cash flow and $770/mo monthly cash flow. Total monthly income runs $3,565/mo, and a $2,276/mo payment keeps the spread at $770/mo. Purchase price stands at $465,000, and rental yield measures 9.2% with $3,565/mo rent. Return on cash invested shows 25.9% in year one, and 5% annual appreciation builds toward $128,471 over five years. Five-year ROI reaches 134.75% and total cumulative return in cash records $207,707. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,565/mo property income covering a $2,276/mo payment rather than investor’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98115, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,872 (100%) |
| Owner Occupied HU | 14,113 (54.5%) |
| Renter Occupied HU | 10,553 (40.8%) |
| Vacant Housing Units | 1,206 ( 4.7%) |
| Median Home Value | $1,198,608 |
| Average Home Value | $1,277,172 |
Housing Distribution
Address Breakdown
Residential
25,339
Single Family
17,008
Multi-Family
8,331
Businesses
1,209
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Listed by: Tom Spain • RE/MAX Metro Realty, Inc.
Mls Name: NWMLS
Mls ID: #2418575