4226 Beach Drive SW #303, Seattle, WA, 98116 | 6.93% Rental Yield

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4226 Beach Drive SW #303, Seattle, WA, 98116 | 6.93% Rental Yield | Ziffy

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 4226 Beach Drive SW #303, Seattle, WA, 98116 listed at $420,000 pairs $2,424/mo rent with a $2,056/mo payment. Total monthly income runs $2,424/mo. Return on cash invested measures 19.04% in year one, and rental yield registers 6.93% at a $420,000 basis. Equity gained on principal adds $2,710/yr, and annual property appreciation at 5% supports $116,038 by year five. Five-year ROI tracks 97.94% and total cumulative return in cash totals $136,363. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,424/mo property income relative to a $2,056/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1987

N/A lot

$N/A/sqft

No HOA

More details about the property

This corner, top floor unit overlooking Puget Sound and its islands and mountains in the distance, lives large in a small, quiet 8 unit complex. From the front door of the unit throughout the living area is hardwood maple flooring. Besides the view, the living area is open space to the kitchen decked out in wood cabinets, granite countertops, stainless steel appliances, washer/dryer, and breakfast bar. Living area encompasses a small eating area, fire place and room for entertaining. Or just head for the deck and enjoy. Large, private bedroom has new carpeting, large closet including built-ins, double paned windows. Full bath is upgraded w/heated floors, granite counter top and ample storage and lighting. Owned carport parking #4 & storage.

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