13279 15th Avenue NE #B-20SeattleWA98125
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe 7.55% yield at 13279 15th Avenue NE #B-20, Seattle, WA, 98125 in Seattle is solid, but the $2,316/mo payment compresses net cash flow to $143/mo at $515,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $142,285 by year five, and $4,743/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.40) without U.S. income documentation. Total projected return: $204,081.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.6% | 4.8% |
| Monthly Cash Flow | $143 | $1,250 |
City averages based on Seattle market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,239 |
| Total Monthly Debt Service | $2,891 |
| DSCR Ratio | 1.12x |
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 1970
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 1970
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: John Olcese • COMPASS
Mls Name: NWMLS
Mls ID: #2410189