1221 Minor Avenue #508SeattleWA98101
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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 Avenue #508, Seattle, WA, 98101 uses $104,406 cash to close to unlock $5,200/yr annual cash flow and $433/mo monthly cash flow. Total monthly income runs $2,327/mo, and a $1,542/mo payment keeps the spread at $433/mo. Purchase price stands at $314,950, and rental yield measures 8.87% with $2,327/mo rent. Return on cash invested shows 24.89% in year one, and 5% annual appreciation builds toward $87,015 over five years. Five-year ROI reaches 129.34% and total cumulative return in cash records $135,038. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,327/mo property income covering a $1,542/mo payment rather than investor’s personal income.
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: Ted Alton • Windermere Real Estate Co.
Mls Name: NWMLS
Mls ID: #2466349