7322 Rainier Avenue S #103SeattleWA98118
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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 7322 Rainier Avenue S #103, Seattle, WA, 98118 uses $155,805 cash to close to unlock $7,574/yr annual cash flow and $631/mo monthly cash flow. Total monthly income runs $3,456/mo, and a $2,300/mo payment keeps the spread at $631/mo. Purchase price stands at $470,000, and rental yield measures 8.82% with $3,456/mo rent. Return on cash invested shows 24.77% in year one, and 5% annual appreciation builds toward $129,852 over five years. Five-year ROI reaches 128.7% and total cumulative return in cash records $200,517. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,456/mo property income covering a $2,300/mo payment rather than investor’s personal income.
Townhouse
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98118, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,071 (100%) |
| Owner Occupied HU | 10,434 (52.0%) |
| Renter Occupied HU | 8,756 (43.6%) |
| Vacant Housing Units | 881 ( 4.4%) |
| Median Home Value | $876,613 |
| Average Home Value | $1,025,181 |
Housing Distribution
Address Breakdown
Residential
19,933
Single Family
13,469
Multi-Family
6,464
Businesses
1,135
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Listed by: Anna E. Matsunaga • Keller Williams Rty Tacoma
Mls Name: NWMLS
Mls ID: #2410092