3661 Phinney Avenue N #101SeattleWA98103
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThis Seattle rental at 3661 Phinney Avenue N #101, Seattle, WA, 98103 sits in the solid-income band: 7.95% gross yield, $3,233/mo rent, $299/mo net after the $2,194/mo debt service, DSCR 1.47. Entry price of $488,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $134,825 and $4,495/yr in principal reduction bring total cumulative return to $203,998.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 4.8% |
| Monthly Cash Flow | $299 | $1,250 |
City averages based on Seattle market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,233 |
| Total Monthly Debt Service | $2,739 |
| DSCR Ratio | 1.18x |
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 1969
1 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98103, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,485 (100%) |
| Owner Occupied HU | 12,186 (42.8%) |
| Renter Occupied HU | 14,816 (52.0%) |
| Vacant Housing Units | 1,483 ( 5.2%) |
| Median Home Value | $1,179,785 |
| Average Home Value | $1,252,363 |
Housing Distribution
Address Breakdown
Residential
26,783
Single Family
15,098
Multi-Family
11,685
Businesses
2,261
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 1969
1 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98103, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,485 (100%) |
| Owner Occupied HU | 12,186 (42.8%) |
| Renter Occupied HU | 14,816 (52.0%) |
| Vacant Housing Units | 1,483 ( 5.2%) |
| Median Home Value | $1,179,785 |
| Average Home Value | $1,252,363 |
Housing Distribution
Address Breakdown
Residential
26,783
Single Family
15,098
Multi-Family
11,685
Businesses
2,261
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kian Pornour • Windermere Real Estate Co.
Mls Name: NWMLS
Mls ID: #2416608