6714 Park Point Way NESeattleWA98115
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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 6714 Park Point Way NE, Seattle, WA, 98115 uses $212,205 cash to close to unlock $2,841/yr annual cash flow and $237/mo monthly cash flow. Total monthly income runs $4,114/mo, and a $3,157/mo payment keeps the spread at $237/mo. Purchase price stands at $645,000, and rental yield measures 7.65% with $4,114/mo rent. Return on cash invested shows 21.4% in year one, and 5% annual appreciation builds toward $178,202 over five years. Five-year ROI reaches 110.56% and total cumulative return in cash records $234,616. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,114/mo property income covering a $3,157/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: Marina Vitasovic • Windermere Real Estate Co.
Mls Name: NWMLS
Mls ID: #2427163