Seattle, WA — Rental Investment Analysis
🔴WEAK— appreciation play onlyCap Rate
2.6%
Below average
Monthly Cash Flow
-$2,466
After all expenses
Price-to-Rent
19.1
Overpriced for rent
DSCR
0.41
Fails
📊 Key Metrics
- Median Home Price
- $788,537
- Average Rent (3BR)
- $3,670/mo
- Price-to-Rent Ratio
- 19.1(high)
- 1% Rule
- 0.44%(fails — need 1%+)
- Cash-on-Cash Return
- -16.5%
- Vacancy Rate
- 8.0%
📈 Market Strength
Assumptions Used
20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance
Customize these numbers →📈 Population Movement (Tax Year 2021→2022)
Net Migration
-6,706 households
SHRINKING
Total Inflow
973,483
households moved in
Avg Income (New Residents)
$192,152
per household
Where they're coming from:
1.King Non-migrants, WA918,743 households · avg $196,345
2.Snohomish, WA7,363 households · avg $108,670
3.Pierce, WA6,593 households · avg $68,588
4.Los Angeles, CA2,616 households · avg $140,570
5.Santa Clara, CA1,744 households · avg $290,287
Where residents are leaving to:
1.King Non-migrants, WA918,743 households
2.Snohomish, WA12,297 households
3.Pierce, WA10,371 households
4.Los Angeles, CA1,908 households
5.Maricopa, AZ1,762 households
💡 Net outflow may indicate weakening demand — but can mean lower prices and higher cap rates.
🏘️ Best Zip Codes in Seattle for Investors
All Zip Codes in Seattle
| Zip | Cap Rate | Cash Flow | Home Price | Rent (3BR) | DSCR |
|---|---|---|---|---|---|
| 98121 | 7.2% | +$401 | $581,750 | $5,270/mo | 1.13 |
| 98134 | 7.1% | +$269 | $438,320 | $3,930/mo | 1.12 |
| 98101 | 6.2% | -$103 | $594,404 | $4,760/mo | 0.97 |
| 98241 | 5.0% | -$520 | $438,483 | $2,970/mo | 0.78 |
| 98109 | 4.3% | -$1,300 | $764,730 | $4,700/mo | 0.68 |
| 98104 | 3.8% | -$1,205 | $553,576 | $3,080/mo | 0.59 |
| 98102 | 3.4% | -$1,862 | $745,904 | $3,860/mo | 0.53 |
| 98122 | 3.1% | -$2,260 | $837,946 | $4,130/mo | 0.49 |
| 98092 | 2.9% | -$1,999 | $682,285 | $3,170/mo | 0.45 |
| 98107 | 2.8% | -$2,606 | $871,048 | $3,980/mo | 0.44 |
| 98106 | 2.8% | -$2,033 | $676,373 | $3,080/mo | 0.44 |
| 98118 | 2.8% | -$2,260 | $751,509 | $3,420/mo | 0.43 |
| 98103 | 2.6% | -$2,956 | $937,500 | $4,100/mo | 0.41 |
| 98282 | 2.6% | -$2,327 | $735,849 | $3,210/mo | 0.41 |
| 98108 | 2.5% | -$2,311 | $704,356 | $2,970/mo | 0.38 |
| 98125 | 2.4% | -$2,783 | $837,626 | $3,490/mo | 0.38 |
| 98144 | 2.3% | -$2,726 | $801,110 | $3,260/mo | 0.36 |
| 98126 | 2.3% | -$2,663 | $775,965 | $3,130/mo | 0.36 |
| 98136 | 2.0% | -$3,491 | $957,351 | $3,610/mo | 0.31 |
| 98117 | 2.0% | -$3,717 | $1,011,448 | $3,780/mo | 0.31 |
| 98116 | 1.8% | -$3,870 | $1,019,583 | $3,660/mo | 0.29 |
| 98115 | 1.8% | -$4,096 | $1,073,855 | $3,830/mo | 0.28 |
| 98119 | 1.8% | -$4,005 | $1,042,038 | $3,680/mo | 0.28 |
| 98199 | 1.3% | -$5,378 | $1,278,660 | $3,950/mo | 0.21 |
| 98105 | 1.3% | -$5,082 | $1,198,172 | $3,650/mo | 0.20 |
| 98112 | 0.9% | -$6,334 | $1,393,687 | $3,730/mo | 0.15 |