7342 15th Avenue NWSeattleWA98117
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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
Rental property for sale in Seattle at 7342 15th Avenue NW, Seattle, WA, 98117 generates $5,916/mo in rent and, after a $3,475/mo payment, leaves $1,648/mo in cash flow. Total monthly income is $5,916/mo, and annual cash flow is $19,778/yr on $233,590 invested. Return on cash invested sits at 28.53% in year one, and rental yield is 10% on a $710,000 entry. Equity gained on principal adds $4,582/yr, while 5% annual appreciation builds toward $196,160 over five years. Five-year ROI reaches 148.8% and total cumulative return in cash sums $347,579. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,916/mo property income rather than buyer’s personal income.
Single Family
Built in 1914
4,251 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98117, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,456 (100%) |
| Owner Occupied HU | 10,467 (67.7%) |
| Renter Occupied HU | 4,416 (28.6%) |
| Vacant Housing Units | 573 ( 3.7%) |
| Median Home Value | $1,114,719 |
| Average Home Value | $1,212,438 |
Housing Distribution
Address Breakdown
Residential
15,298
Single Family
13,059
Multi-Family
2,239
Businesses
368
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Listed by: Alashia Wartelle • Windermere Real Estate GH LLC
Mls Name: NWMLS
Mls ID: #2371981