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2209 NW 59th Street, Seattle, WA 98107
9 beds • 6 baths • 4286 sqft • 6 units
$1,800,000
View on ZillowThis property might be a fair Airbnb investment with a projected 5.54% first-year return on $432k initial cash invested.
5.54%
Cash On Cash
8.08%
Cap Rate
1.32
DSCR
$23,856
Rent
$1,995
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$23,856 income − $21,861 expenses = $1,995 cash flow
Investment Breakdown
|
Purchase Price
$1800k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$432k
Downpayment
20%
$360k
Closing costs
1%
$18,000
Rehab
0%
$0
Furnishing
3%
$54,000
Cashflow
Total Income
$23,856
Total Expenses
$21,861
Mortgage P&I
38%
$9,171
Property Taxes
3%
$610
Home Insurance
3%
$630
HOA
0%
$0
Property Management
15%
$3,578
CapEx
4%
$954
Vacancy
0%
$0
Maintenance
4%
$954
Other
25%
$5,964
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Comparable Property | Rent | ADR | Beds | Baths | Distance |
|---|---|---|---|---|---|
Seattle’s spacious new 2 BR apartment | $3,844 | $178 | 2 | 1 | 0.23 mi |
Best Location- Walk Everywhere + Free Parking | $4,233 | $196 | 2 | 1 | 0.28 mi |
Ballard Farmhouse 2 bdrm/loft/1bath, fenced yard | $6,133 | $284 | 2 | 1 | 0.29 mi |
Newly remodeled Daylight Basement in Ballard | $4,514 | $209 | 2 | 1 | 0.29 mi |
104 W Rancho Del Cerro | $2,500 | $250 | 4 | 2 | 1.3 mi |
1255 S Forest Knoll St | $1,100 | $110 | 2 | 1 | 0.9 mi |
2022 S American St | $2,850 | $285 | 5 | 4 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | $110 | 2 | 1 | 0.9 mi |
2022 S American St | $2,850 | $285 | 5 | 4 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | $110 | 2 | 1 | 0.9 mi |
2022 S American St | $2,850 | $285 | 5 | 4 | 0.6 mi |
Projection Charts
Investment Value YoY
Annualized Return
Investment projections and seasonality
CoC vs Downpayment
Investment projections and seasonality
CoC vs Purchase Price
Investment projections and seasonality