87 Virginia Street #8SeattleWA98101
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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 87 Virginia Street #8, Seattle, WA, 98101 offers $2,107/mo rent that, after a $8,565/mo payment. Total monthly income is $2,107/mo. Return on cash invested measures 2.57% in year one, and rental yield stands at 1.44% at a $1,750,000 entry. Equity gained on principal adds $11,292/yr while 5% annual appreciation compounds into $483,493 by year five. Five-year ROI records 9.5% and total cumulative return in cash reaches $53,877. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,107/mo property income versus a $8,565/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1978
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
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Listed by: Moira E Holley • Realogics Sotheby's Int'l Rlty
Mls Name: NWMLS
Mls ID: #2470816