424 N 85th Street #317SeattleWA98103
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderFor first-time U.S. investors or those diversifying conservatively, 424 N 85th Street #317, Seattle, WA, 98103 in Seattle offers a clean, manageable entry. Rental yield 7.8%. DSCR 1.45 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $149,192 in additional property value over five years, with $4,973/yr in principal equity building ownership stake. Total projected cumulative return: $221,338.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.8% | 4.8% |
| Monthly Cash Flow | $(319) | $1,250 |
City averages based on Seattle market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,510 |
| Total Monthly Debt Service | $3,031 |
| DSCR Ratio | 1.16x |
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 2006
N/A 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 2006
N/A 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: N/A • N/A
Mls Name: NWMLS as distributed by MLS GRID
Mls ID: #2499361