9023 Mary Avenue NW #401SeattleWA98117
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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 9023 Mary Avenue NW #401, Seattle, WA, 98117 offers a 7.3% rental yield on a $525,000 purchase with $3,194/mo rent. Total monthly income registers $3,194/mo, and a $2,570/mo payment leaves $38/mo available for distribution. Annual cash flow reaches $453/yr on $172,725 to close, and return on cash invested stands at 20.32% in year one. Equity gained on principal adds $3,388/yr while 5% annual appreciation supports $145,048 over five years. Portfolio math shows five-year ROI at 104.79% and total cumulative return in cash at $180,993. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,194/mo property income against a $2,570/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1981
N/A 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: Sarah-Cate Davis • Lake & Company
Mls Name: NWMLS
Mls ID: #2438841