9271 Ithaca Place SSeattleWA98118
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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 9271 Ithaca Place S, Seattle, WA, 98118 uses $197,384 cash to close to unlock $2,725/yr annual cash flow and $227/mo monthly cash flow. Total monthly income runs $3,833/mo, and a $2,936/mo payment keeps the spread at $227/mo. Purchase price stands at $599,950, and rental yield measures 7.67% with $3,833/mo rent. Return on cash invested shows 21.44% in year one, and 5% annual appreciation builds toward $165,755 over five years. Five-year ROI reaches 110.8% and total cumulative return in cash records $218,708. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,833/mo property income covering a $2,936/mo payment rather than investor’s personal income.
Single Family
Built in 1915
2,522 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98118, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,071 (100%) |
| Owner Occupied HU | 10,434 (52.0%) |
| Renter Occupied HU | 8,756 (43.6%) |
| Vacant Housing Units | 881 ( 4.4%) |
| Median Home Value | $876,613 |
| Average Home Value | $1,025,181 |
Housing Distribution
Address Breakdown
Residential
19,933
Single Family
13,469
Multi-Family
6,464
Businesses
1,135
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Listed by: Marlow C. Harris • Windermere West Metro
Mls Name: NWMLS
Mls ID: #2421105