947 NW 56th StreetSeattleWA98107
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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 947 NW 56th Street, Seattle, WA, 98107 generates $3,566/mo in rent, after a $3,646/mo payment. Total monthly income is $3,566/mo. Return on cash invested sits at 15.6% in year one, and rental yield is 5.74% on a $745,000 entry. Equity gained on principal adds $4,807/yr, while 5% annual appreciation builds toward $205,830 over five years. Five-year ROI reaches 79.46% and total cumulative return in cash sums $194,756. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,566/mo property income rather than buyer’s personal income.
Townhouse
Built in 2021
892.98 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98107, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,998 (100%) |
| Owner Occupied HU | 6,002 (35.3%) |
| Renter Occupied HU | 10,066 (59.2%) |
| Vacant Housing Units | 930 ( 5.5%) |
| Median Home Value | $1,004,136 |
| Average Home Value | $1,128,263 |
Housing Distribution
Address Breakdown
Residential
16,211
Single Family
7,854
Multi-Family
8,357
Businesses
1,507
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Listed by: Irwan Ngadisastra • Skyline Properties, Inc.
Mls Name: NWMLS
Mls ID: #2428572