1760 NW 56th Street #518, Seattle, WA, 98107 | 5.63% Rental Yield

For Sale

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 1760 NW 56th Street #518, Seattle, WA, 98107 listed at $875,000 pairs $4,104/mo rent with a $4,283/mo payment. Total monthly income runs $4,104/mo. Return on cash invested measures 15.24% in year one, and rental yield registers 5.63% at a $875,000 basis. Equity gained on principal adds $5,646/yr, and annual property appreciation at 5% supports $241,746 by year five. Five-year ROI tracks 77.53% and total cumulative return in cash totals $223,199. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,104/mo property income relative to a $4,283/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 2016

N/A lot

$N/A/sqft

No HOA

More details about the property

Light-filled corner unit with 9' ceilings in a prime Ballard location with sweeping roof top views of Salmon Bay and stunning sunsets from the 5th floor. Thoughtfully upgraded with white kitchen countertops, new appliances, custom shelving and designer fixtures throughout. The open layout includes a spacious entry and versatile den, perfect for a home office or reading nook. Two garage parking spots (one EV-capable) and a large storage unit add rare convenience. Enjoy top-tier building amenities: rooftop deck, concierge, fitness center, pet wash, bike storage, and dog run. Just steps to shops, restaurants, grocery stores, transit, Burke-Gilman Trail & the Ballard Farmers Market. City living with comfort, style, and breathtaking views.

Neighborhood Data

Neighborhood data shown for ZIP Code: 98107, Seattle, WA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,998 (100%)
Owner Occupied HU	6,002 (35.3%)
Renter Occupied HU	10,066 (59.2%)
Vacant Housing Units	930 ( 5.5%)
Median Home Value	$1,004,136
Average Home Value	$1,128,263