8855 29th Avenue SWSeattleWA98126
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 8855 29th Avenue SW, Seattle, WA, 98126 in Seattle worth study. Rental yield 5.86%. The 5.86% gross yield is below cash-flow benchmarks at $1,050,000, but 5% annual appreciation, adding $290,096 over five years, frames this as a capital growth position. Rent of $5,124/mo partially offsets the $4,721/mo payment. Ziffy Mortgage finances appreciation-play properties (1.09 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $320,937.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.9% | 4.8% |
| Monthly Cash Flow | $(1,188) | $1,250 |
City averages based on Seattle market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,124 |
| Total Monthly Debt Service | $5,894 |
| DSCR Ratio | 0.87x |
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 2024
2,879 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98126, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,851 (100%) |
| Owner Occupied HU | 6,229 (52.6%) |
| Renter Occupied HU | 5,109 (43.1%) |
| Vacant Housing Units | 513 ( 4.3%) |
| Median Home Value | $865,546 |
| Average Home Value | $1,031,425 |
Housing Distribution
Address Breakdown
Residential
10,978
Single Family
7,534
Multi-Family
3,444
Businesses
323
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 2024
2,879 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98126, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,851 (100%) |
| Owner Occupied HU | 6,229 (52.6%) |
| Renter Occupied HU | 5,109 (43.1%) |
| Vacant Housing Units | 513 ( 4.3%) |
| Median Home Value | $865,546 |
| Average Home Value | $1,031,425 |
Housing Distribution
Address Breakdown
Residential
10,978
Single Family
7,534
Multi-Family
3,444
Businesses
323
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Daniel Dovinh • Real Broker LLC
Mls Name: NWMLS
Mls ID: #2431882