6369 Sand Point Way NESeattleWA98115
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingInvestors approaching the U.S. market with capital-preservation in mind will find 6369 Sand Point Way NE, Seattle, WA, 98115 in Seattle aligned with their strategy. Rental yield 6.42%. DSCR 1.19 and 6.42% yield provide a sound foundation. Ziffy Mortgage's DSCR program enables non-U.S. residents to acquire without domestic credit. Over five years, 5% appreciation and $5,064/yr in paydown build toward a projected cumulative return of $184,764.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.4% | 4.8% |
| Monthly Cash Flow | $(1,265) | $1,250 |
City averages based on Seattle market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,942 |
| Total Monthly Debt Service | $3,086 |
| DSCR Ratio | 0.95x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98115, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,872 (100%) |
| Owner Occupied HU | 14,113 (54.5%) |
| Renter Occupied HU | 10,553 (40.8%) |
| Vacant Housing Units | 1,206 ( 4.7%) |
| Median Home Value | $1,198,608 |
| Average Home Value | $1,277,172 |
Housing Distribution
Address Breakdown
Residential
25,339
Single Family
17,008
Multi-Family
8,331
Businesses
1,209
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 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98115, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,872 (100%) |
| Owner Occupied HU | 14,113 (54.5%) |
| Renter Occupied HU | 10,553 (40.8%) |
| Vacant Housing Units | 1,206 ( 4.7%) |
| Median Home Value | $1,198,608 |
| Average Home Value | $1,277,172 |
Housing Distribution
Address Breakdown
Residential
25,339
Single Family
17,008
Multi-Family
8,331
Businesses
1,209
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: NWMLS
Mls ID: #2483352