11532 15th Avenue NE #202SeattleWA98125
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeWhen a property's DSCR clears 1.5x, lenders and investors both pay attention. 11532 15th Avenue NE #202, Seattle, WA, 98125 in Seattle achieves a 1.62 ratio at $297,500: $2,164/mo rent versus $1,338/mo debt service. Rental yield 8.73%. Ziffy Mortgage's no-W2 DSCR loan is purpose-built for assets like this. The 8.73% yield compounds alongside 5% annual appreciation projecting $82,194 in value. Total projected cumulative return: $136,739.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 4.8% |
| Monthly Cash Flow | $(45) | $1,250 |
City averages based on Seattle market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,164 |
| Total Monthly Debt Service | $1,670 |
| DSCR Ratio | 1.30x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1997
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98125, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,204 (100%) |
| Owner Occupied HU | 8,684 (41.0%) |
| Renter Occupied HU | 11,064 (52.2%) |
| Vacant Housing Units | 1,456 ( 6.9%) |
| Median Home Value | $909,506 |
| Average Home Value | $1,044,969 |
Housing Distribution
Address Breakdown
Residential
20,477
Single Family
10,907
Multi-Family
9,570
Businesses
835
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 1997
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98125, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,204 (100%) |
| Owner Occupied HU | 8,684 (41.0%) |
| Renter Occupied HU | 11,064 (52.2%) |
| Vacant Housing Units | 1,456 ( 6.9%) |
| Median Home Value | $909,506 |
| Average Home Value | $1,044,969 |
Housing Distribution
Address Breakdown
Residential
20,477
Single Family
10,907
Multi-Family
9,570
Businesses
835
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Patrick Beringer • Redfin
Mls Name: NWMLS
Mls ID: #2468397