6109 Phinney Ave N Unit 305SeattleWA98103
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 6109 Phinney Ave N Unit 305, Seattle, WA, 98103 in Seattle deserves attention. This $300,000 property earns $2,962/mo in rent, a 11.85% gross yield, and nets $1,158/mo after the $1,422/mo payment. DSCR 2.08 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $82,884 compounds alongside $2,515/yr in yearly equity build, for a total cumulative return of $182,448.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.9% | 4.8% |
| Monthly Cash Flow | $1,158 | $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 | $2,962 |
| Total Monthly Debt Service | $1,757 |
| DSCR Ratio | 1.69x |
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 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in N/A
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
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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
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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Mls ID: #N/A
