905 Cherry Avenue #606SeattleWA98104
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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 905 Cherry Avenue #606, Seattle, WA, 98104 uses $82,875 cash to close to unlock $622/yr annual cash flow and $52/mo monthly cash flow. Total monthly income runs $1,555/mo, and a $1,224/mo payment keeps the spread at $52/mo. Purchase price stands at $250,000, and rental yield measures 7.46% with $1,555/mo rent. Return on cash invested shows 20.66% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 106.63% and total cumulative return in cash records $88,366. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,555/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Condo
Built in 1969
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98104, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,291 (100%) |
| Owner Occupied HU | 1,286 ( 9.7%) |
| Renter Occupied HU | 9,780 (73.6%) |
| Vacant Housing Units | 2,225 (16.7%) |
| Median Home Value | $1,103,755 |
| Average Home Value | $1,200,507 |
Housing Distribution
Address Breakdown
Residential
12,846
Single Family
683
Multi-Family
12,163
Businesses
2,217
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Listed by: Brian Huie • COMPASS
Mls Name: NWMLS
Mls ID: #2415791