7003 40th Avenue 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
Total monthly income runs $4,189/mo, and a $4,870/mo payment. Purchase price stands at $995,000, and rental yield measures 5.05% with $4,189/mo rent. Return on cash invested shows 13.49% in year one, and 5% annual appreciation builds toward $274,900 over five years. Five-year ROI reaches 68.15% and total cumulative return in cash records $223,086. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,189/mo property income covering a $4,870/mo payment rather than investor’s personal income.
Single Family
Built in 1920
6,298 sqft 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: Bruce Ainslie • Windermere RE Greenwood
Mls Name: NWMLS
Mls ID: #2437805