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311 NW 92nd St
F Composite 27.92
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 +8.7/15.0
  • Schools +6.1/10.0
  • Condition / age +4.8/5.0
  • Livability +3.8/5.0
  • Rent growth +2.7/5.0
  • Cash flow +1.9/30.0
  • 1% rule +0.0/10.0
  • DSCR +0.0/10.0
  • Appreciation +0.0/10.0

$694,999

311 NW 92nd St · Seattle, WA 98117
3 bd · 2.5 ba · 1,103 sqft · SingleFamily · 43 Days on market
Built 2026 Excellent condition 1,429 sqft lot Garage $630/sqft · at area comps Est $714k · 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. Exceptional new construction living in one of Seattle’s most sought-after neighborhoods.

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 $695k. Condition is rated excellent.

Deal economics

  • At list price, monthly cash flow is $-3k ($-32k/yr) — negative.
  • To cash-flow at today's rent, offer at most $311k (55.3% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $281k (59.6% below list).
  • Recommended offer: $281k (59.6% 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; 290 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); 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 $21k 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

  • It's been on market 43 days — a 3% lower offer ($674k) is reasonable based on typical stale-listing flexibility.

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 $280,545 (59.6% 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. It's been on market 43 days. Have you received any prior offers? Is the seller open to a 60% concession, seller financing, or rate buy-down credit?
  3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
  4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  6. 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?
  7. 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?
  8. 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?
  9. 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.
  10. 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.
  11. 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
0.40%
Cap rate
1.82%
Cash-on-cash
-15.96%
DSCR
0.29
GRM
20.6

CMA / ARV

ARV (median comp)
$714,072
List price
$694,999
Delta
-2.67%
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%) 1mo $660,000 $617 81
9537 Dayton Ave N 0.44mi 3/2.0 1,088 (-1%) 2mo $830,000 $763 73
9735 Evanston Ave N 0.56mi 3/2.5 1,088 (-1%) 3mo $725,000 $666 69
9737 Evanston Ave N 0.56mi 3/2.5 1,088 (-1%) 3mo $715,000 $657 69
119 N 83rd St 0.52mi 2/2.0 (-1) 1,130 (+2%) 0mo $770,000 $681 65
10039 13th Ave NW 0.73mi 3/2.0 1,096 (-1%) 2mo $920,000 $839 61
10039 13th Ave NW 0.73mi 3/2.0 1,096 (-1%) 2mo $920,000 $839 61
9725 Evanston Ave N Unit B 0.55mi 3/2.5 1,193 (+8%) 1mo $699,000 $586 60
9725 Evanston Ave N Unit B 0.55mi 3/2.5 1,193 (+8%) 1mo $699,000 $586 60
908 NW 85th St 0.50mi 3/2.5 1,248 (+13%) 2mo $660,000 $529 53
721 N 88th St Unit A 0.61mi 2/1.0 (-1) 1,150 (+4%) 2mo $615,000 $535 52
10044 12th Ave NW 0.66mi 3/2.0 1,260 (+14%) 0mo $711,000 $564 43

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
-50.5%
Equity multiple
-0.48×
Total profit
$-287,422
Equity at exit
$103,627
10-year hold
IRR
Equity multiple
-1.52×
Total profit
$-490,432
Equity at exit
$60,091

Cash invested: $194,600 (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.
Seller's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
23 active · 19 under contract
Months of supply
2.3 mo (43%/mo absorbed)
Median asking
$717,000 ($604/sqft)
Median days on market
29 d
This list price
39% of active listings are priced below it
ARV vs active asking
+7.2% 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
290
Price-to-rent
20.6×

Monthly cashflow live

Estimated rent
$2,805 high interval (Pro) →
Mortgage (P&I)
$3,645
Tax est. 1.5%
$869 /mo · $10,425/yr
Insurance
$290
Flood insurance flood zone
−$66 /mo · $798/yr
HOA
$2
Vacancy / Maint / Mgmt
$589
Net cashflow
$-2,655

Break-even live

Break-even rent $6,166
Max offer price $310,797
Occupancy floor

Sensitivity live

Price -10% $-2,175 -5% $-2,415 +0% $-2,655 +5% $-2,895 +10% $-3,135
Rent -10% $-2,877 -5% $-2,766 +0% $-2,655 +5% $-2,544 +10% $-2,434
Rate -1.0pp $-2,305 -0.5pp $-2,478 base $-2,655 +0.5pp $-2,835 +1.0pp $-3,018

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
$173,750
Closing costs
$20,850
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
9218 4th Ave NW Seattle, WA 2.0 2.5 1040 $4,250 $4.09 11d 1 0.06mi
9242 2nd Ave NW Seattle, WA 3.0 1.0 1100 $2,950 $2.68 62d 1 0.12mi
9221 Greenwood Ave N Unit 4 Seattle, WA 2.0 2.0 850 $2,100 $2.47 0d 1 0.24mi
8620 3rd Ave NW Seattle, WA 1.0–2.0 1.0–1.5 790 $2,495 $3.16 0d 2 0.27mi
9514 8th Ave NW Apt 103 Seattle, WA 2.0 1.0 900 $1,999 $2.22 0d 1 0.27mi
9514 8th Ave NW Seattle, WA 1.0–2.0 1.0 775 $2,250 $2.90 56d 3 0.27mi
319 NW 87th St Seattle, WA 2.0 2.0 953 $3,000 $3.15 0d 1 0.29mi
9030 Greenwood Ave N Unit 202 Seattle, WA 2.0 1.0 850 $1,950 $2.29 16d 1 0.29mi
9030 Greenwood Ave N Unit 202 Seattle, WA 2.0 1.0 850 $1,950 $2.29 0d 1 0.29mi
9030 Greenwood Ave N Unit 202 Seattle, WA 2.0 1.0 850 $1,825 $2.15 27d 1 0.29mi
9724 6th Ave NW Unit C Seattle, WA 2.0 1.0 750 $2,300 $3.07 67d 1 0.32mi
9724 6th Ave NW Unit B Seattle, WA 2.0 1.0 750 $1,900 $2.53 7d 1 0.32mi
8704 Greenwood Ave N Seattle, WA 3.0 1.0–2.0 748 $2,827 $3.78 0d 17 0.37mi
8732 Phinney Ave N Unit B1 Seattle, WA 3.0 2.0 921 $2,995 $3.25 0d 1 0.39mi
121 NW 85th St Seattle, WA 2.0 1.0–2.0 763 $3,730 $4.89 0d 7 0.39mi
10002 3rd Ave NW Unit B Seattle, WA 4.0 2.0 1200 $3,495 $2.91 1d 1 0.40mi
615 NW 85th St Unit 3 Seattle, WA 2.0 1.0 938 $1,895 $2.02 0d 1 0.41mi
615 NW 85th St Unit 2 Seattle, WA 2.0 1.0 938 $2,250 $2.40 20d 1 0.41mi
615 NW 85th St Unit 7 Seattle, WA 2.0 1.0 938 $1,995 $2.13 0d 1 0.41mi
615 NW 85th St Unit 7 Seattle, WA 2.0 1.0 938 $2,150 $2.29 16d 1 0.41mi
9002 11th Ave NW Unit 1 Seattle, WA 2.0 1.0 1200 $2,875 $2.40 0d 1 0.42mi
643 C NW 85th St Seattle, WA 3.0 2.5 1450 $4,050 $2.79 67d 1 0.43mi
407 N 87th St Seattle, WA 2.0 1.0 780 $1,945 $2.49 3d 1 0.44mi
9750 Greenwood Ave N #204 Seattle, WA 2.0 2.0 961 $3,060 $3.18 0d 1 0.45mi
320 N 85th St Seattle, WA 1.0–2.0 1.0–2.0 775 $3,575 $4.61 0d 8 0.46mi
10012 8th Ave NW Seattle, WA 3.0 2.0 1270 $2,500 $1.97 48d 1 0.47mi
8403a 8th Ave NW Seattle, WA 3.0 3.0 1380 $3,480 $2.52 63d 1 0.47mi
110 NW 83rd St Unit 2 Seattle, WA 3.0 2.0 1100 $2,800 $2.55 35d 1 0.48mi
10005 7th Ave NW Unit B Seattle, WA 2.0 1.0 850 $2,150 $2.53 0d 1 0.48mi
9746 Phinney Ave N #1 Seattle, WA 3.0 2.0 1236 $3,560 $2.88 0d 1 0.49mi
424 N 85th St #301 Seattle, WA 2.0 2.0 1056 $2,795 $2.65 12d 1 0.51mi
1207 NW 92nd St Seattle, WA 1.0–2.0 1.0 689 $2,095 $3.04 0d 2 0.52mi
10215 Greenwood Ave N Seattle, WA 2.0 1.0 630 $2,419 $3.84 0d 30 0.53mi
9176 Holman Rd NW Seattle, WA 2.0 1.0–2.0 735 $3,110 $4.23 0d 12 0.57mi
8520 Evanston Ave N #301 Seattle, WA 2.0 2.0 948 $2,425 $2.56 11d 1 0.58mi
735 N 95th St Unit C6 Seattle, WA 2.0 2.0 935 $2,150 $2.30 65d 1 0.59mi
732 N 95th St Unit 205 Seattle, WA 2.0 1.0 900 $2,340 $2.60 46d 1 0.60mi
118 N 104th St Seattle, WA 3.0 3.5 1260 $3,300 $2.62 0d 1 0.61mi
10317 Greenwood Ave N Unit B Seattle, WA 2.0 1.0 750 $2,200 $2.93 2d 1 0.62mi
730 N 98th St Seattle, WA 3.0 1.0 1465 $3,400 $2.32 0d 1 0.66mi

Property features AI

Finance

Other
Directions: South on Greenwood Ave S; right on NW 92nd St; property on left
Financial info
Financing accepted: Cash, Conventional, FHA, VA
HOA & community
HOA with $20 annual fee (contact TBD)2 units in the communityPets allowed — see remarks

Exterior

Parking
Individual garage1 uncovered parking space
Utilities
Electric energy sourceElectric water heater
Home design
Detached condominiumTwo-story (2 levels)Unit on floor 1 of a 2-unit communityHouse structure type
Construction
Wood constructionComposition roofCompleted new construction (effective year built 2026)
Exterior features
Wood exteriorAlley accessPaved lot

Interior

Kitchen
DishwasherMicrowaveRefrigeratorStove/Range
Bedrooms
3 bedrooms (all on upper level)
Flooring
Hardwood floors
Bathrooms
1 full bath1 three-quarter bath1 half bath1 bathtub1 shower
Heating & cooling
Ductless heatingCooling available
Interior features
Electric cookingWater heater includedInsulated windowsPrimary bath
Laundry & utility
Washer hookupElectric dryer hookupWasher and dryer included

Listing history 50 events

  1. 2026-08-08
    days on market $694,999 Active 43 DOM
  2. 2026-08-07
    days on market $694,999 Active 42 DOM
  3. 2026-08-06
    days on market $694,999 Active 41 DOM
  4. 2026-08-05
    days on market $694,999 Active 40 DOM
  5. 2026-08-04
    days on market $694,999 Active 39 DOM
  6. 2026-08-03
    days on market $694,999 Active 38 DOM
  7. 2026-07-31
    days on market $694,999 Active 35 DOM
  8. 2026-07-30
    days on market $694,999 Active 34 DOM
  9. 2026-07-29
    days on market $694,999 Active 33 DOM
  10. 2026-07-28
    days on market $694,999 Active 32 DOM
  11. 2026-07-27
    days on market $694,999 Active 31 DOM
  12. 2026-07-26
    days on market $694,999 Active 30 DOM
  13. 2026-07-25
    days on market $694,999 Active 29 DOM
  14. 2026-07-24
    days on market $694,999 Active 28 DOM
  15. 2026-07-23
    days on market $694,999 Active 27 DOM
  16. 2026-07-22
    days on market $694,999 Active 26 DOM
  17. 2026-07-21
    days on market $694,999 Active 25 DOM
  18. 2026-07-20
    days on market $694,999 Active 24 DOM
  19. 2026-07-18
    days on market $694,999 Active 22 DOM
  20. 2026-07-17
    days on market $694,999 Active 21 DOM
  21. 2026-07-16
    days on market $694,999 Active 20 DOM
  22. 2026-07-15
    days on market $694,999 Active 19 DOM
  23. 2026-07-14
    days on market $694,999 Active 18 DOM
  24. 2026-07-13
    days on market $694,999 Active 17 DOM
  25. 2026-07-12
    days on market $694,999 Active 16 DOM
  26. 2026-07-11
    days on market $694,999 Active 15 DOM
  27. 2026-07-10
    days on market $694,999 Active 14 DOM
  28. 2026-07-09
    days on market $694,999 Active 13 DOM
  29. 2026-07-08
    days on market $694,999 Active 12 DOM
  30. 2026-07-07
    days on market $694,999 Active 11 DOM
  31. 2026-07-06
    days on market $694,999 Active 10 DOM
  32. 2026-07-05
    days on market $694,999 Active 9 DOM
  33. 2026-07-04
    days on market $694,999 Active 8 DOM
  34. 2026-07-03
    days on market $694,999 Active 7 DOM
  35. 2026-07-02
    days on market $694,999 Active 6 DOM
  36. 2026-07-01
    days on market $694,999 Active 5 DOM
  37. 2026-06-30
    days on market $694,999 Active 4 DOM
  38. 2026-06-29
    days on market $694,999 Active 3 DOM
  39. 2026-06-28
    days on market $694,999 Active 2 DOM
  40. 2026-06-26
    pricedays on marketlisting id $694,999 Active 1 DOM
  41. 2026-06-26
    days on market $724,999 Active 33 DOM
  42. 2026-06-24
    days on market $724,999 Active 32 DOM
  43. 2026-06-23
    days on market $724,999 Active 31 DOM
  44. 2026-06-22
    days on market $724,999 Active 30 DOM
  45. 2026-06-21
    days on market $724,999 Active 29 DOM
  46. 2026-06-21
    days on market $724,999 Active 28 DOM
  47. 2026-06-19
    days on market $724,999 Active 27 DOM
  48. 2026-06-18
    days on market $724,999 Active 26 DOM
  49. 2026-06-17
    days on market $724,999 Active 25 DOM
  50. 2026-06-16
    days on market $724,999 Active 24 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

Loading nearby amenities…

Taxation est. · year 1

Rental income
$33,665
− Mortgage interest
−$38,931
− Property taxes
−$10,425
− Insurance
−$4,272
− Repairs & maintenance
−$2,693
− Management
−$2,693
− HOA
−$24
− Depreciation
−$20,218
Taxable loss
−$45,591
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$10,942
After-tax cash flow
$-20,920/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%
Common ancestry
Italian 7% Portuguese 7% Slovak 4%
Foreign-born
12% · Canada, China, South Korea
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
  • 2026-06-26 Listed $694,999 NWMLS as Distributed by MLS Grid

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…