701 1st Avenue N #410SeattleWA98109
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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 701 1st Avenue N #410, Seattle, WA, 98109 uses $111,053 cash to close to unlock $6,527/yr annual cash flow and $544/mo monthly cash flow. Total monthly income runs $2,558/mo, and a $1,640/mo payment keeps the spread at $544/mo. Purchase price stands at $335,000, and rental yield measures 9.16% with $2,558/mo rent. Return on cash invested shows 25.79% in year one, and 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 134.12% and total cumulative return in cash records $148,940. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,558/mo property income covering a $1,640/mo payment rather than investor’s personal income.
Condo
Built in 2000
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98109, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,162 (100%) |
| Owner Occupied HU | 3,929 (16.3%) |
| Renter Occupied HU | 18,176 (75.2%) |
| Vacant Housing Units | 2,057 ( 8.5%) |
| Median Home Value | $1,151,246 |
| Average Home Value | $1,212,211 |
Housing Distribution
Address Breakdown
Residential
24,151
Single Family
3,860
Multi-Family
20,291
Businesses
1,842
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Listed by: Todd M. Davis • Windermere Real Estate/East
Mls Name: NWMLS
Mls ID: #2415902