7021 Sand Point Wy #B319SeattleWA98115
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 7021 Sand Point Wy #B319, Seattle, WA, 98115 offers a 9.72% rental yield on a $299,950 purchase with $2,429/mo rent. Total monthly income registers $2,429/mo, and a $1,468/mo payment leaves $626/mo available for distribution. Annual cash flow reaches $7,513/yr on $99,433 to close, and return on cash invested stands at 27.46% in year one. Equity gained on principal adds $1,936/yr while 5% annual appreciation supports $82,871 over five years. Portfolio math shows five-year ROI at 143.16% and total cumulative return in cash at $142,352. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,429/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1970
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Demetri Georgakopoulos • Windermere Real Estate Co.
Mls Name: NWMLS
Mls ID: #2355457