737 Olive Way #3509SeattleWA98101
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity Builder737 Olive Way #3509, Seattle, WA, 98101 in Seattle is a solid income-producing rental, 7.59% gross yield, $6,175/mo rent, $309/mo net cash flow on a $975,888 buy. DSCR 1.41 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $269,620 and $8,988/yr in principal reduction project a total cumulative return of $389,192.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.6% | 4.8% |
| Monthly Cash Flow | $309 | $1,250 |
City averages based on Seattle market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,175 |
| Total Monthly Debt Service | $5,478 |
| DSCR Ratio | 1.13x |
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 2009
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98101, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,771 (100%) |
| Owner Occupied HU | 1,984 (14.4%) |
| Renter Occupied HU | 9,890 (71.8%) |
| Vacant Housing Units | 1,897 (13.8%) |
| Median Home Value | $1,195,402 |
| Average Home Value | $1,286,007 |
Housing Distribution
Address Breakdown
Residential
12,702
Single Family
664
Multi-Family
12,038
Businesses
2,260
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 2009
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98101, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,771 (100%) |
| Owner Occupied HU | 1,984 (14.4%) |
| Renter Occupied HU | 9,890 (71.8%) |
| Vacant Housing Units | 1,897 (13.8%) |
| Median Home Value | $1,195,402 |
| Average Home Value | $1,286,007 |
Housing Distribution
Address Breakdown
Residential
12,702
Single Family
664
Multi-Family
12,038
Businesses
2,260
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jim Cameron • Windermere Real Estate/East
Mls Name: NWMLS
Mls ID: #2435078