801 2nd Avenue N #204SeattleWA98109
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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 801 2nd Avenue N #204, Seattle, WA, 98109 offers a 8.01% rental yield on a $626,000 purchase with $4,181/mo rent. Total monthly income registers $4,181/mo, and a $3,064/mo payment leaves $418/mo available for distribution. Annual cash flow reaches $5,016/yr on $205,954 to close, and return on cash invested stands at 22.5% in year one. Equity gained on principal adds $4,039/yr while 5% annual appreciation supports $172,952 over five years. Portfolio math shows five-year ROI at 116.44% and total cumulative return in cash at $239,811. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,181/mo property income against a $3,064/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1994
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98109, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,162 (100%) |
| Owner Occupied HU | 3,929 (16.3%) |
| Renter Occupied HU | 18,176 (75.2%) |
| Vacant Housing Units | 2,057 ( 8.5%) |
| Median Home Value | $1,151,246 |
| Average Home Value | $1,212,211 |
Housing Distribution
Address Breakdown
Residential
24,151
Single Family
3,860
Multi-Family
20,291
Businesses
1,842
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Listed by: Woody Munk • Rockwell Realty LLC
Mls Name: NWMLS
Mls ID: #2447424