5316 31st Avenue SSeattleWA98108
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeNot flashy, but dependably profitable, 5316 31st Avenue S, Seattle, WA, 98108 in Seattle is listed at $938,000 and delivers $6,529/mo in rent and $891/mo in net monthly cash flow. The 8.35% yield and 1.55 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $259,152 over five years, and $8,639/yr in principal reduction supplements cash return. Total projected cumulative return: $412,259.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 4.8% |
| Monthly Cash Flow | $891 | $1,250 |
City averages based on Seattle market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $6,529 |
| Total Monthly Debt Service | $5,265 |
| DSCR Ratio | 1.24x |
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 2006
4,090 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98108, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,328 (100%) |
| Owner Occupied HU | 4,948 (53.0%) |
| Renter Occupied HU | 3,922 (42.0%) |
| Vacant Housing Units | 458 ( 4.9%) |
| Median Home Value | $749,652 |
| Average Home Value | $849,608 |
Housing Distribution
Address Breakdown
Residential
8,731
Single Family
7,391
Multi-Family
1,340
Businesses
1,776
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 2006
4,090 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98108, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,328 (100%) |
| Owner Occupied HU | 4,948 (53.0%) |
| Renter Occupied HU | 3,922 (42.0%) |
| Vacant Housing Units | 458 ( 4.9%) |
| Median Home Value | $749,652 |
| Average Home Value | $849,608 |
Housing Distribution
Address Breakdown
Residential
8,731
Single Family
7,391
Multi-Family
1,340
Businesses
1,776
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: #2524116