1312 S Massachusetts Street #202SeattleWA98144
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 1312 S Massachusetts Street #202, Seattle, WA, 98144 in Seattle: $4,001/mo in rent, $1,296/mo net, 10.67% gross yield, all on a $449,995 acquisition. The 1.98 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $124,325 in value, and $4,144/yr in principal paydown steadily builds equity. Projected total cumulative return: $253,727.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.7% | 4.8% |
| Monthly Cash Flow | $1,296 | $1,250 |
City averages based on Seattle market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,001 |
| Total Monthly Debt Service | $2,526 |
| DSCR Ratio | 1.58x |
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 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98144, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,585 (100%) |
| Owner Occupied HU | 7,110 (40.4%) |
| Renter Occupied HU | 8,988 (51.1%) |
| Vacant Housing Units | 1,487 ( 8.5%) |
| Median Home Value | $954,137 |
| Average Home Value | $1,148,559 |
Housing Distribution
Address Breakdown
Residential
17,571
Single Family
9,141
Multi-Family
8,430
Businesses
880
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 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98144, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,585 (100%) |
| Owner Occupied HU | 7,110 (40.4%) |
| Renter Occupied HU | 8,988 (51.1%) |
| Vacant Housing Units | 1,487 ( 8.5%) |
| Median Home Value | $954,137 |
| Average Home Value | $1,148,559 |
Housing Distribution
Address Breakdown
Residential
17,571
Single Family
9,141
Multi-Family
8,430
Businesses
880
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: David Todd • Lake & Company
Mls Name: NWMLS
Mls ID: #2392469