210 3rd Avenue S #2CSeattleWA98104
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderFor first-time U.S. investors or those diversifying conservatively, 210 3rd Avenue S #2C, Seattle, WA, 98104 in Seattle offers a clean, manageable entry. Rental yield 7.02%. DSCR 1.30 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $231,800 in additional property value over five years, with $7,727/yr in principal equity building ownership stake. Total projected cumulative return: $308,662.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7% | 4.8% |
| Monthly Cash Flow | $(1,767) | $1,250 |
City averages based on Seattle market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,906 |
| Total Monthly Debt Service | $4,710 |
| DSCR Ratio | 1.04x |
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 1904
1,672 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98104, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,291 (100%) |
| Owner Occupied HU | 1,286 ( 9.7%) |
| Renter Occupied HU | 9,780 (73.6%) |
| Vacant Housing Units | 2,225 (16.7%) |
| Median Home Value | $1,103,755 |
| Average Home Value | $1,200,507 |
Housing Distribution
Address Breakdown
Residential
12,846
Single Family
683
Multi-Family
12,163
Businesses
2,217
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 1904
1,672 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98104, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,291 (100%) |
| Owner Occupied HU | 1,286 ( 9.7%) |
| Renter Occupied HU | 9,780 (73.6%) |
| Vacant Housing Units | 2,225 (16.7%) |
| Median Home Value | $1,103,755 |
| Average Home Value | $1,200,507 |
Housing Distribution
Address Breakdown
Residential
12,846
Single Family
683
Multi-Family
12,163
Businesses
2,217
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: #2486449