7842 Lake City Way NESeattleWA98115
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 7842 Lake City Way NE, Seattle, WA, 98115 earns from $4,450/mo rent with a $5,139/mo payment. Total monthly income totals $4,450/mo. ROI tracks 13.8% on current figures, and rental yield reads 5.09% at a $1,050,000 purchase. Equity gained on principal adds $6,775/yr, and 5% annual appreciation supports $290,096 over five years. Five-year ROI reaches 69.77% and total cumulative return in cash sums $237,353. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,450/mo property income instead of your personal income.
Multi Family
Built in 1925
3,998 sqft 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: Jake Olivero-Lions • Lions Realty Group
Mls Name: NWMLS
Mls ID: #2435127