8341 Wabash Avenue S #ASeattleWA98118
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe 7.65% yield at 8341 Wabash Avenue S #A, Seattle, WA, 98118 in Seattle is solid, but the $2,424/mo payment compresses net cash flow to $194/mo at $539,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $148,916 by year five, and $4,964/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.42) without U.S. income documentation. Total projected return: $216,474.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.7% | 4.8% |
| Monthly Cash Flow | $194 | $1,250 |
City averages based on Seattle market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,434 |
| Total Monthly Debt Service | $3,026 |
| 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.
Townhouse
Built in 2005
2,652 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98118, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,071 (100%) |
| Owner Occupied HU | 10,434 (52.0%) |
| Renter Occupied HU | 8,756 (43.6%) |
| Vacant Housing Units | 881 ( 4.4%) |
| Median Home Value | $876,613 |
| Average Home Value | $1,025,181 |
Housing Distribution
Address Breakdown
Residential
19,933
Single Family
13,469
Multi-Family
6,464
Businesses
1,135
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
Townhouse
Built in 2005
2,652 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98118, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,071 (100%) |
| Owner Occupied HU | 10,434 (52.0%) |
| Renter Occupied HU | 8,756 (43.6%) |
| Vacant Housing Units | 881 ( 4.4%) |
| Median Home Value | $876,613 |
| Average Home Value | $1,025,181 |
Housing Distribution
Address Breakdown
Residential
19,933
Single Family
13,469
Multi-Family
6,464
Businesses
1,135
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Duke Nguyen • Liberty Real Estate, LLC
Mls Name: NWMLS
Mls ID: #2415965