1221 Minor Ave #109SeattleWA98101
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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 Minor Ave #109, Seattle, WA, 98101 offers a 9.12% rental yield on a $450,000 purchase with $3,421/mo rent. Total monthly income registers $3,421/mo, and a $2,203/mo payment leaves $716/mo available for distribution. Annual cash flow reaches $8,586/yr on $149,175 to close, and return on cash invested stands at 25.66% in year one. Equity gained on principal adds $2,904/yr while 5% annual appreciation supports $124,327 over five years. Portfolio math shows five-year ROI at 133.49% and total cumulative return in cash at $199,134. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,421/mo property income against a $2,203/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1960
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98101, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,771 (100%) |
| Owner Occupied HU | 1,984 (14.4%) |
| Renter Occupied HU | 9,890 (71.8%) |
| Vacant Housing Units | 1,897 (13.8%) |
| Median Home Value | $1,195,402 |
| Average Home Value | $1,286,007 |
Housing Distribution
Address Breakdown
Residential
12,702
Single Family
664
Multi-Family
12,038
Businesses
2,260
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Listed by: Stephanie L Kastner • Redfin
Mls Name: NWMLS
Mls ID: #2468604