22629 10th Avenue SSeattleWA98198
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 5.98% gross rental yield, 22629 10th Avenue S, Seattle, WA, 98198 in Seattle is priced for capital growth, not immediate cash flow. The $749,950 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $207,197 by year five, with $6,907/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (1.11) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $234,192.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6% | 4.8% |
| Monthly Cash Flow | $(771) | $1,250 |
City averages based on Seattle market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,737 |
| Total Monthly Debt Service | $4,210 |
| DSCR Ratio | 0.89x |
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 1949
10,785 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98198, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,551 (100%) |
| Owner Occupied HU | 7,940 (51.1%) |
| Renter Occupied HU | 6,643 (42.7%) |
| Vacant Housing Units | 968 ( 6.2%) |
| Median Home Value | $668,434 |
| Average Home Value | $799,850 |
Housing Distribution
Address Breakdown
Residential
14,886
Single Family
8,936
Multi-Family
5,950
Businesses
818
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 1949
10,785 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98198, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,551 (100%) |
| Owner Occupied HU | 7,940 (51.1%) |
| Renter Occupied HU | 6,643 (42.7%) |
| Vacant Housing Units | 968 ( 6.2%) |
| Median Home Value | $668,434 |
| Average Home Value | $799,850 |
Housing Distribution
Address Breakdown
Residential
14,886
Single Family
8,936
Multi-Family
5,950
Businesses
818
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: R Michael Holmes • Lowest Fee Real Estate
Mls Name: NWMLS
Mls ID: #2435916