418 22nd AvenueSeattleWA98122
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe 7.24% yield at 418 22nd Avenue, Seattle, WA, 98122 in Seattle is solid, but the $3,314/mo payment compresses net cash flow to $17/mo at $737,000. 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 $203,620 by year five, and $6,788/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.34) without U.S. income documentation. Total projected return: $280,016.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.2% | 4.8% |
| Monthly Cash Flow | $17 | $1,250 |
City averages based on Seattle market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,447 |
| Total Monthly Debt Service | $4,137 |
| DSCR Ratio | 1.07x |
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.
Single Family
Built in 1900
3,001 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98122, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,284 (100%) |
| Owner Occupied HU | 6,016 (23.8%) |
| Renter Occupied HU | 16,924 (66.9%) |
| Vacant Housing Units | 2,344 ( 9.3%) |
| Median Home Value | $1,148,288 |
| Average Home Value | $1,265,324 |
Housing Distribution
Address Breakdown
Residential
25,551
Single Family
7,950
Multi-Family
17,601
Businesses
1,476
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 1900
3,001 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98122, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,284 (100%) |
| Owner Occupied HU | 6,016 (23.8%) |
| Renter Occupied HU | 16,924 (66.9%) |
| Vacant Housing Units | 2,344 ( 9.3%) |
| Median Home Value | $1,148,288 |
| Average Home Value | $1,265,324 |
Housing Distribution
Address Breakdown
Residential
25,551
Single Family
7,950
Multi-Family
17,601
Businesses
1,476
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Evy Flynn • Windermere Real Estate Co.
Mls Name: NWMLS
Mls ID: #2430349