1760 NW 56th Street UNIT 407SeattleWA98107
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingSteady, low-maintenance, and fundable: 1760 NW 56th Street UNIT 407, Seattle, WA, 98107 in Seattle at $479,500. Rental yield 6.83%. The 6.83% yield and 1.27 DSCR put this right in the range Ziffy Mortgage approves for non-U.S. investors without W-2s or domestic credit. Appreciation at 5%/yr is projected to add $132,477 by year five, and $4,416/yr in principal reduction steadily grows the investor's stake. Total projected cumulative return: $133,611.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.8% | 4.8% |
| Monthly Cash Flow | $(787) | $1,250 |
City averages based on Seattle market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,728 |
| Total Monthly Debt Service | $3,324 |
| DSCR Ratio | 0.82x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2016
N/A lot
$N/A/sqft
$601 monthly HOA
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 |
Housing Distribution
Address Breakdown
Residential
16,211
Single Family
7,854
Multi-Family
8,357
Businesses
1,507
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2016
N/A lot
$N/A/sqft
$601 monthly HOA
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 |
Housing Distribution
Address Breakdown
Residential
16,211
Single Family
7,854
Multi-Family
8,357
Businesses
1,507
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Paul Conley • Windermere R.E. Northeast, Inc
Mls Name: NWMLS
Mls Provider:
Mls ID: #2347762
Disclaimer: Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2025 NWMLS. All rights are reserved. Disclaimer: The information contained in this listing has not been verified by Zillow, Inc. and should be verified by the buyer. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#39)