1221 Harbor Avenue #201SeattleWA98116
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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 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
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 |
Housing Distribution
Address Breakdown
Residential
14,702
Single Family
7,904
Multi-Family
6,798
Businesses
790
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Listed by: Erin Bee Thompson • Keller Williams Realty Bothell
Mls Name: NWMLS
Mls ID: #2434322