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311 NW 92nd St
F Composite 29.21
Why this score? — see what drove the F grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

  • ARV discount +9.7/15.0
  • Schools +6.1/10.0
  • Condition / age +4.8/5.0
  • Livability +3.8/5.0
  • Rent growth +2.7/5.0
  • Cash flow +2.2/30.0
  • 1% rule +0.0/10.0
  • DSCR +0.0/10.0
  • Appreciation +0.0/10.0

$674,950

311 NW 92nd St · Seattle, WA 98117
3 bd · 2.5 ba · 1,103 sqft · SingleFamily
Built 2026 Excellent condition 1,429 sqft lot Garage $612/sqft · at area comps Est $710k · at est. $2/mo HOA

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

Stunning brand-new 3 bed, 2.25 bath construction in the heart of Greenwood offering modern luxury and thoughtful design throughout. This beautifully crafted home features a custom-designed chef’s kitchen with premium Bosch appliances, sleek wood flooring throughout. Spa-inspired curbless showers and high-end contemporary finishes create the perfect blend of style and comfort. Enjoy an open-concept layout ideal for entertaining, plus the convenience of dedicated 1-car parking. Seller-installed fencing surrounds the front entry area and back patio, adding privacy, security, and a more defined outdoor living experience.

Key facts

  • Curbless showers
  • Open-concept layout
  • 1,429 sq ft lot

Tags

CUSTOM-DESIGNED CHEF'S KITCHENPREMIUM BOSCH APPLIANCESCURBLESS SHOWERSOPEN-CONCEPT LAYOUTDEDICATED 1-CAR PARKINGNEW CONSTRUCTION LIVING

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/2.5-bath single-family listed at $675k. Condition is rated excellent.

Deal economics

  • At list price, monthly cash flow is $-3k ($-30k/yr) — negative.
  • To cash-flow at today's rent, offer at most $312k (53.7% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $282k (58.2% below list).
  • Recommended offer: $282k (58.2% below list) — sets the bar for 1% rule.

Location & tenants

  • Location reads 75/100 on livability (#166 in WA, #4,033 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment A+; Watch: crime F, cost of living F.
  • Seattle Public Schools (urban): math 64% / reading 72% proficiency, ranked #19 of 291 in WA (top 6%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
  • Zoned schools: Greenwood Elementary School (337 students, 9% FRL); Robert Eagle Staff Middle School (676 students, 31% FRL); Ingraham High School (1,452 students, 33% FRL).
  • Market conditions: Rents flat; 428 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 28d on market — plan ~3-4 weeks tenant-placement turnaround); 48% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 10,555 units permitted in King County in 2024 (7,119 in 5+ unit buildings).

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $5k of loan paydown is wiped out by about $20k of value loss. Plan a longer hold.
  • King County population projected at +44% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

  • Only 0 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

  • Watch-outs: flood insurance adds $66/mo.
  • Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.
Recommended offer $281,914 (58.2% below list)

Questions for the listing agent

  1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
  2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
  3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  5. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
  6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
  7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
  8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
  9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
  10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

1% rule
0.42% ✗
Cap rate
1.96%
Cash-on-cash
-15.49%
DSCR
0.31
GRM
20.0

CMA / ARV

ARV (median comp)
$710,372
List price
$674,950
Delta
-4.99%
Verdict
FAIR
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
311 NW 89th St 0.19mi 2/2.5 (-1) 1,069 (-3%) 4mo $660,000 $617 78
9537 Dayton Ave N 0.44mi 3/2.0 1,088 (-1%) 5mo $830,000 $763 71
201 N 101st St 0.47mi 2/2.0 (-1) 1,150 (+4%) 2mo $595,000 $517 62
119 N 83rd St 0.52mi 2/2.0 (-1) 1,130 (+2%) 3mo $770,000 $681 62
10039 13th Ave NW 0.73mi 3/2.0 1,096 (-1%) 5mo $920,000 $839 59
10039 13th Ave NW 0.73mi 3/2.0 1,096 (-1%) 5mo $920,000 $839 59
9725 Evanston Ave N Unit B 0.55mi 3/2.5 1,193 (+8%) 4mo $699,000 $586 57
9725 Evanston Ave N Unit B 0.55mi 3/2.5 1,193 (+8%) 4mo $699,000 $586 57
908 NW 85th St 0.50mi 3/2.5 1,248 (+13%) 5mo $660,000 $529 51
721 N 88th St Unit A 0.61mi 2/1.0 (-1) 1,150 (+4%) 5mo $615,000 $535 49
10323 3rd 0.57mi 2/1.0 (-1) 980 (-11%) 1mo $610,000 $622 43
10044 12th Ave NW 0.66mi 3/2.0 1,260 (+14%) 3mo $711,000 $564 41

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.91% rent growth · sell at horizon

5-year hold
IRR
-49.4%
Equity multiple
-0.45×
Total profit
$-274,687
Equity at exit
$100,637
10-year hold
IRR
—
Equity multiple
-1.47×
Total profit
$-467,203
Equity at exit
$58,357

Cash invested: $188,986 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

Overall (CITY)
0 Strongly Tenant-Friendly
State Washington
28 Tenant-Leaning · D+8
County
— inherits STATE
City Seattle
0 Strongly Tenant-Friendly · D+52
Just Cause + Relocation Assistance + Source of Income + First in Time.
Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
27 active · 34 under contract
Months of supply
4.3 mo (23%/mo absorbed)
Median asking
$665,000 ($612/sqft)
Median days on market
52 d
This list price
52% of active listings are priced below it
ARV vs active asking
+5.2% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 98117

Rents YoY
0.9%
Active inventory
428
Price-to-rent
20.0×

Monthly cashflow live

Estimated rent
$2,819 high interval (Pro) →
Mortgage (P&I)
−$3,540
Tax est. 1.5%
−$844 /mo · $10,124/yr
Insurance
−$281
Flood insurance flood zone
−$66 /mo · $798/yr
HOA
−$2
Vacancy / Maint / Mgmt
−$592
Net cashflow
$-2,506

Break-even live

Break-even rent $5,991
Max offer price $312,362
Occupancy floor —

Sensitivity live

Price -10% $-2,039 -5% $-2,273 +0% $-2,506 +5% $-2,739 +10% $-2,972
Rent -10% $-2,728 -5% $-2,617 +0% $-2,506 +5% $-2,394 +10% $-2,283
Rate -1.0pp $-2,166 -0.5pp $-2,334 base $-2,506 +0.5pp $-2,681 +1.0pp $-2,859

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

Down payment
$168,738
Closing costs
$20,248
Reserves months
—
Total cash needed
—

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
311 NW 92nd St Seattle, WA 3.0 3.0 1103 $3,400 $3.08 10d 1 0.01mi
9218 4th Ave NW Seattle, WA 2.0 2.5 1040 $4,250 $4.09 103d 1 0.06mi
9041 4th Ave NW Seattle, WA 2.0 1.0 912 $2,940 $3.22 10d 1 0.07mi
9041 4th Ave NW Seattle, WA 2.0 1.0 912 $2,940 $3.22 1d 1 0.07mi
9253 3rd Ave NW Seattle, WA 2.0 1.0 800 $1,695 $2.12 5d 1 0.11mi
9242 2nd Ave NW Seattle, WA 3.0 1.0 1100 $2,950 $2.68 154d 1 0.12mi
9513 3rd Ave NW Seattle, WA 2.0 2.0 1100 $3,600 $3.27 83d 1 0.16mi
107 N 90th St Unit Main Seattle, WA 3.0 1.0 1000 $2,650 $2.65 10d 1 0.20mi
9221 Greenwood Ave N Unit 4 Seattle, WA 2.0 2.0 850 $2,100 $2.47 45d 1 0.24mi
9221 Greenwood Ave N Unit 4 Seattle, WA 2.0 2.0 850 $2,100 $2.47 1d 1 0.24mi
9039 Greenwood Ave N Seattle, WA 1.0–2.0 1.0–2.0 770 $2,830 $3.68 1d 5 0.25mi
9514 8th Ave NW Apt 103 Seattle, WA 2.0 1.0 900 $1,999 $2.22 85d 1 0.27mi
8620 3rd Ave NW Seattle, WA 2.0 1.5 960 $2,395 $2.49 45d 1 0.27mi
319 NW 87th St Seattle, WA 2.0 2.0 953 $3,000 $3.15 87d 1 0.29mi
9030 Greenwood Ave N Unit 202 Seattle, WA 2.0 1.0 850 $1,825 $2.15 118d 1 0.29mi
9030 Greenwood Ave N Unit 202 Seattle, WA 2.0 1.0 850 $1,950 $2.29 19d 1 0.29mi
9030 Greenwood Ave N Unit 202 Seattle, WA 2.0 1.0 850 $1,950 $2.29 45d 1 0.29mi
9542 8th Ave NW Unit 9542 Seattle, WA 2.0 1.0 1000 $2,750 $2.75 10d 1 0.31mi
9724 6th Ave NW Unit C Seattle, WA 2.0 1.0 750 $2,300 $3.07 159d 1 0.32mi
9724 6th Ave NW Unit B Seattle, WA 2.0 1.0 750 $1,900 $2.53 99d 1 0.32mi
8750 Greenwood Ave N Unit S503 Seattle, WA 2.0 2.0 1347 $3,095 $2.30 10d 1 0.33mi
8612 Palatine Ave N Seattle, WA 2.0 1.0–2.0 699 $3,055 $4.37 0d 7 0.36mi
8704 Greenwood Ave N Seattle, WA 3.0 1.0–2.0 748 $3,854 $5.15 0d 24 0.37mi
9541 Phinney Ave N Unit A Seattle, WA 3.0 2.0 1225 $3,195 $2.61 2d 1 0.38mi
8746 Phinney Ave N Seattle, WA 2.0 1.0 783 $1,945 $2.48 10d 1 0.38mi
8732 Phinney Ave N Unit B1 Seattle, WA 3.0 2.0 921 $2,753 $2.99 37d 1 0.39mi
121 NW 85th St Seattle, WA 2.0 1.0–2.0 849 $3,095 $3.65 7d 7 0.39mi
129 NW 85th St Apt 3 Seattle, WA 2.0 1.0 825 $2,075 $2.52 0d 1 0.39mi
10002 3rd Ave NW Unit B Seattle, WA 4.0 2.0 1200 $3,495 $2.91 10d 1 0.40mi
615 NW 85th St Unit 3 Seattle, WA 2.0 1.0 938 $1,895 $2.02 85d 1 0.41mi
615 NW 85th St Unit 7 Seattle, WA 2.0 1.0 938 $2,150 $2.29 108d 1 0.41mi
615 NW 85th St Unit 8 Seattle, WA 2.0 1.0 938 $1,925 $2.05 76d 1 0.41mi
615 NW 85th St Unit 7 Seattle, WA 2.0 1.0 938 $1,995 $2.13 92d 1 0.41mi
615 NW 85th St Unit 2 Seattle, WA 2.0 1.0 938 $2,250 $2.40 112d 1 0.41mi
9002 11th Ave NW Unit 1 Seattle, WA 2.0 1.0 1200 $2,875 $2.40 86d 1 0.42mi
643 C NW 85th St Seattle, WA 3.0 2.5 1450 $4,050 $2.79 159d 1 0.43mi
407 N 87th St Seattle, WA 2.0 1.0 780 $1,945 $2.49 10d 1 0.44mi
9750 Greenwood Ave N #204 Seattle, WA 2.0 2.0 961 $2,550 $2.65 1d 1 0.45mi
9750 Greenwood Ave N #204 Seattle, WA 2.0 2.0 961 $2,550 $2.65 27d 1 0.45mi
320 N 85th St Seattle, WA 1.0–2.0 1.0–2.0 777 $3,247 $4.18 0d 6 0.46mi

Property features AI

Finance

Other
Building name: 309 NW 92nd St Condominium Owners Association
Financial info
Accepts Cash, Conventional, FHA, and VA financing
HOA & community
HOA exists with $20 annual fee (includes: see remarks)2 units in the community

Exterior

Parking
Individual garage1 uncovered parking space
Utilities
Electric serviceElectric water heater
Home design
Detached condominiumTwo-story house (2 levels)Unit located on floor 1 of a 2-unit communityNew construction completed in 2026
Construction
Wood constructionComposition roofEffective year built 2026
Exterior features
Wood exteriorAlley accessPaved lot

Interior

Kitchen
DishwasherMicrowaveRefrigeratorStove/Range
Bedrooms
3 bedrooms (all on upper level)Primary bedroom with primary bath
Flooring
Hardwood floors
Bathrooms
1 full bathroom (upper)1 three-quarter bathroom (upper)1 half bathroom (main)1 bathtub1 shower
Heating & cooling
Ductless heatingDuctless cooling
Interior features
Electric cookingElectric dryerWasher providedWater heaterInsulated windows
Laundry & utility
Washer hookupElectric dryer hookup

HOA detail $2/mo · $24/yr

Likely covers
security

Listing history 50 events

  1. 2026-09-21
    days on market $674,950 Active
  2. 2026-09-20
    days on market $674,950 Active 19 DOM
  3. 2026-09-19
    days on market $674,950 Active 18 DOM
  4. 2026-09-18
    days on market $674,950 Active 17 DOM
  5. 2026-09-17
    days on market $674,950 Active 16 DOM
  6. 2026-09-16
    days on market $674,950 Active 15 DOM
  7. 2026-09-15
    remarks 687-char remark
  8. 2026-09-15
    days on market $674,950 Active 14 DOM
  9. 2026-09-14
    days on market $674,950 Active 13 DOM
  10. 2026-09-13
    days on market $674,950 Active 12 DOM
  11. 2026-09-12
    days on market $674,950 Active 11 DOM
  12. 2026-09-11
    days on market $674,950 Active 10 DOM
  13. 2026-09-06
    days on market $674,950 Active 5 DOM
  14. 2026-09-05
    days on market $674,950 Active 4 DOM
  15. 2026-09-04
    days on market $674,950 Active 3 DOM
  16. 2026-09-03
    days on market $674,950 Active 2 DOM
  17. 2026-09-02
    pricedays on marketlisting id $674,950 Active 1 DOM
  18. 2026-08-31
    days on market $694,999 Active 66 DOM
  19. 2026-08-30
    days on market $694,999 Active 65 DOM
  20. 2026-08-29
    days on market $694,999 Active 64 DOM
  21. 2026-08-28
    days on market $694,999 Active 63 DOM
  22. 2026-08-27
    days on market $694,999 Active 62 DOM
  23. 2026-08-26
    days on market $694,999 Active 61 DOM
  24. 2026-08-25
    days on market $694,999 Active 60 DOM
  25. 2026-08-24
    days on market $694,999 Active 59 DOM
  26. 2026-08-23
    days on market $694,999 Active 58 DOM
  27. 2026-08-22
    days on market $694,999 Active 57 DOM
  28. 2026-08-21
    days on market $694,999 Active 56 DOM
  29. 2026-08-20
    days on market $694,999 Active 55 DOM
  30. 2026-08-19
    days on market $694,999 Active 54 DOM
  31. 2026-08-18
    days on market $694,999 Active 53 DOM
  32. 2026-08-17
    days on market $694,999 Active 52 DOM
  33. 2026-08-16
    days on market $694,999 Active 51 DOM
  34. 2026-08-15
    days on market $694,999 Active 50 DOM
  35. 2026-08-14
    days on market $694,999 Active 49 DOM
  36. 2026-08-13
    days on market $694,999 Active 48 DOM
  37. 2026-08-12
    days on market $694,999 Active 47 DOM
  38. 2026-08-11
    days on market $694,999 Active 46 DOM
  39. 2026-08-10
    days on market $694,999 Active 45 DOM
  40. 2026-08-09
    days on market $694,999 Active 44 DOM
  41. 2026-08-08
    days on market $694,999 Active 43 DOM
  42. 2026-08-07
    days on market $694,999 Active 42 DOM
  43. 2026-08-06
    days on market $694,999 Active 41 DOM
  44. 2026-08-05
    days on market $694,999 Active 40 DOM
  45. 2026-08-04
    days on market $694,999 Active 39 DOM
  46. 2026-08-03
    days on market $694,999 Active 38 DOM
  47. 2026-07-31
    days on market $694,999 Active 35 DOM
  48. 2026-07-30
    days on market $694,999 Active 34 DOM
  49. 2026-07-29
    days on market $694,999 Active 33 DOM
  50. 2026-07-28
    days on market $694,999 Active 32 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

  • 🌊 Flood 7/10 Severe FEMA zone X (unshaded) · 77% chance over 30 yrs
  • 🔥 Wildfire 1/10 Low
  • 🌡 Heat 3/10 Moderate 7 d/yr ≥86°F today · 15 d/yr by 30 yrs out
  • 💨 Wind 1/10 Low
  • 🫁 Air quality 7/10 Severe 10 unhealthy d/yr today · 11 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$33,830
− Mortgage interest
−$37,808
− Property taxes
−$10,124
− Insurance
−$4,172
− Repairs & maintenance
−$2,706
− Management
−$2,706
− HOA
−$24
− Depreciation
−$19,635
Taxable loss
−$43,346
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$10,403
After-tax cash flow
$-19,666/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 30 photos

Excellent 95/100 None rehab

This modern, brand-new townhouse in Greenwood offers a stunning blend of style and comfort with a well-maintained exterior and interior. It is move-in ready and perfect for both buyers and renters.

Value-add opportunities

  • Both Landscaping improvements — Enhances curb appeal and adds value. ↑
  • Both Painting exterior trim — Freshens up the exterior and adds value. ↑
  • Both Add smart home features — Improves convenience and adds value for buyers and renters. ↑

Zoned Schools

Elementary Greenwood Elementary School Middle Robert Eagle Staff Middle School High Ingraham High School

Schools (NCES district)

District
Seattle Public Schools
NCES district ID
5307710
Math proficiency
64% ▼ -1.00%
Reading proficiency
72% ▬ 0.00%
Median HH income
$68,695
Composite
60.76/100
National rank
#1649
State rank
#19 of 291 in WA
B Composite livability gradescore 75/100

Livability — Seattle

Score
75/100
State rank
#166
US rank
#4033

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment A+ Housing B Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Seattle, WA
County
King County · 2,576,485 people
City population
706,262
Metro
Seattle-Tacoma-Bellevue, WA
Population (ZIP)
35,711
Household income
$182,984
Rent vs Own
27.4% rent · 72.6% own
Severe rent burden
6% of renters

Population outlook (King County) Hauer SSP2

Today (2025)
2,576,485 people
By 2030
2,803,316 · +8.8%
By 2040
3,255,921 · +26.4%
By 2050
3,706,444 · +43.9%
By 2075
4,746,063 · +84.2%
By 2100
5,407,730 · +109.9%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Predominantly White (79%)
Race & ethnicity
White 79% Two or more races 10% Asian 8% Hispanic / Latino 4%
Languages at home
88% English-only · Spanish 3% Other Indo-European 2% Chinese 1%

Political lean MEDSL · King

2024 margin
Solid D (+51.7) · D 74.2% · R 22.5% · Other 3.4%
2008→2024 swing
+9.6pp toward D · 2008: 42.1pp · 2024: 51.7pp
All cycles
2024: D+51.7 2020: D+52.7 2016: D+50.4 2012: D+39.9 2008: D+42.1

Not yet ingested

Civics
—

Price history

1 event — show timeline
  • 2026-10-07 Listed for Rent $3,400 Avail

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…