11044 1st Avenue NWSeattleWA98177
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 11044 1st Avenue NW, Seattle, WA, 98177 in Seattle worth study. Rental yield 5.42%. The 5.42% gross yield is below cash-flow benchmarks at $800,000, but 5% annual appreciation, adding $221,025 over five years, frames this as a capital growth position. Rent of $3,612/mo partially offsets the $3,597/mo payment. Ziffy Mortgage finances appreciation-play properties (1.00 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $225,727.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.4% | 4.8% |
| Monthly Cash Flow | $(1,197) | $1,250 |
City averages based on Seattle market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,612 |
| Total Monthly Debt Service | $4,491 |
| DSCR Ratio | 0.80x |
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.
Single Family
Built in 1920
7,562 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98177, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,883 (100%) |
| Owner Occupied HU | 6,040 (76.6%) |
| Renter Occupied HU | 1,639 (20.8%) |
| Vacant Housing Units | 204 ( 2.6%) |
| Median Home Value | $1,130,267 |
| Average Home Value | $1,264,560 |
Housing Distribution
Address Breakdown
Residential
8,054
Single Family
7,239
Multi-Family
815
Businesses
233
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
Single Family
Built in 1920
7,562 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98177, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,883 (100%) |
| Owner Occupied HU | 6,040 (76.6%) |
| Renter Occupied HU | 1,639 (20.8%) |
| Vacant Housing Units | 204 ( 2.6%) |
| Median Home Value | $1,130,267 |
| Average Home Value | $1,264,560 |
Housing Distribution
Address Breakdown
Residential
8,054
Single Family
7,239
Multi-Family
815
Businesses
233
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Grant Gemza • Pellego, Inc.
Mls Name: NWMLS
Mls ID: #2471707