210 3rd Avenue S #3CSeattleWA98104
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderSolid fundamentals define the investment case at 210 3rd Avenue S #3C, Seattle, WA, 98104 in Seattle: $5,308/mo in rent, $246/mo in net income, 7.56% gross yield, 1.40 DSCR, all at $842,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $232,629 in appreciation and $7,755/yr in principal paydown projects total cumulative return of $334,499.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.6% | 4.8% |
| Monthly Cash Flow | $246 | $1,250 |
City averages based on Seattle market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,308 |
| Total Monthly Debt Service | $4,726 |
| 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 1904
N/A 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
N/A 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: Jennifer Dovey • Windermere RE South Sound, Inc
Mls Name: NWMLS
Mls ID: #2404358