737 Olive Way #3509SeattleWA98101
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
Rental property for sale in Seattle at 737 Olive Way #3509, Seattle, WA, 98101 generates $6,175/mo in rent and, after a $4,776/mo payment, leaves $309/mo in cash flow. Total monthly income is $6,175/mo, and annual cash flow is $3,711/yr on $321,067 invested. Return on cash invested sits at 21.22% in year one, and rental yield is 7.59% on a $975,888 entry. Equity gained on principal adds $6,297/yr, while 5% annual appreciation builds toward $269,620 over five years. Five-year ROI reaches 109.59% and total cumulative return in cash sums $351,845. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,175/mo property income rather than buyer’s personal income.
Condo
Built in 2009
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98101, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,771 (100%) |
| Owner Occupied HU | 1,984 (14.4%) |
| Renter Occupied HU | 9,890 (71.8%) |
| Vacant Housing Units | 1,897 (13.8%) |
| Median Home Value | $1,195,402 |
| Average Home Value | $1,286,007 |
Housing Distribution
Address Breakdown
Residential
12,702
Single Family
664
Multi-Family
12,038
Businesses
2,260
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jim Cameron • Windermere Real Estate/East
Mls Name: NWMLS
Mls ID: #2435078