1221 Harbor Avenue #201, Seattle, WA, 98116 | 6.44% Rental Yield

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Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Seattle at 1221 Harbor Avenue #201, Seattle, WA, 98116 listed at $764,950 pairs $4,104/mo rent with a $3,744/mo payment. Total monthly income runs $4,104/mo. Return on cash invested measures 17.7% in year one, and rental yield registers 6.44% at a $764,950 basis. Equity gained on principal adds $4,936/yr, and annual property appreciation at 5% supports $211,342 by year five. Five-year ROI tracks 90.74% and total cumulative return in cash totals $228,367. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,104/mo property income relative to a $3,744/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1976

N/A lot

$N/A/sqft

No HOA

More details about the property

Experience iconic Seattle living with sweeping 180 views of Puget Sound, the downtown skyline, and the Space Needle. This beautifully updated condo features LVP flooring, granite counters, and stainless steel appliances. A gas fireplace with stone surround and wood mantle anchors the oversized living room, which lives large and could convert to a third bedroom. The flex-space entry is perfect for a home office or creative nook. Retreat to the spacious primary suite with ensuite bath. Enjoy year-round outdoor living on the 120 sq ft covered deck, ideal for entertaining or quiet evenings. Secure garage parking, convenient elevator, and steps to the West Seattle passenger ferry complete this special home.

Neighborhood Data

Neighborhood data shown for ZIP Code: 98116, Seattle, WA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	14,246 (100%)
Owner Occupied HU	7,092 (49.8%)
Renter Occupied HU	6,420 (45.1%)
Vacant Housing Units	734 ( 5.2%)
Median Home Value	$1,120,764
Average Home Value	$1,275,439