1238 3rd Avenue NSeattleWA98109
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayNot all U.S. investment properties are valued for current income. 1238 3rd Avenue N, Seattle, WA, 98109 in Seattle at $1,749,000, 4.25% gross yield, is a market-growth asset. Rental yield 4.25%. The $6,196/mo rent partially funds the $7,865/mo debt service; the core return is the 5%/yr price growth projected to add $483,216 over five years. Ziffy Mortgage's DSCR mortgage (0.79) provides financing for foreign nationals without domestic income checks. A 30–35% down payment often produces the cleanest coverage for low-yield properties. Total five-year return: $383,958.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.3% | 4.8% |
| Monthly Cash Flow | $(4,318) | $1,250 |
City averages based on Seattle market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,196 |
| Total Monthly Debt Service | $9,818 |
| DSCR Ratio | 0.63x |
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 2004
1,912 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98109, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,162 (100%) |
| Owner Occupied HU | 3,929 (16.3%) |
| Renter Occupied HU | 18,176 (75.2%) |
| Vacant Housing Units | 2,057 ( 8.5%) |
| Median Home Value | $1,151,246 |
| Average Home Value | $1,212,211 |
Housing Distribution
Address Breakdown
Residential
24,151
Single Family
3,860
Multi-Family
20,291
Businesses
1,842
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 2004
1,912 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98109, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,162 (100%) |
| Owner Occupied HU | 3,929 (16.3%) |
| Renter Occupied HU | 18,176 (75.2%) |
| Vacant Housing Units | 2,057 ( 8.5%) |
| Median Home Value | $1,151,246 |
| Average Home Value | $1,212,211 |
Housing Distribution
Address Breakdown
Residential
24,151
Single Family
3,860
Multi-Family
20,291
Businesses
1,842
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: NWMLS as distributed by MLS GRID
Mls ID: #2495543