CashFlowRE
Sign in Sign up
311 NW 92nd St
F Composite 29.31
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 +9.9/15.0
  • Schools +6.1/10.0
  • Condition / age +4.8/5.0
  • Livability +3.8/5.0
  • Rent growth +2.7/5.0
  • Cash flow +2.1/30.0
  • 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 · 5% below area Est $712k · 5% under $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 $311k (53.9% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $281k (58.4% below list).
  • Recommended offer: $281k (58.4% 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; 360 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 38d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 58% 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 $280,876 (58.4% 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
1.94%
Cash-on-cash
-15.54%
DSCR
0.31
GRM
20.0

CMA / ARV

ARV (median comp)
$712,389
List price
$674,950
Delta
-5.26%
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%) 2mo $660,000 $617 80
9537 Dayton Ave N 0.44mi 3/2.0 1,088 (-1%) 4mo $830,000 $763 72
9737 Evanston Ave N 0.56mi 3/2.5 1,088 (-1%) 4mo $715,000 $657 68
201 N 101st St 0.47mi 2/2.0 (-1) 1,150 (+4%) 0mo $595,000 $517 64
119 N 83rd St 0.52mi 2/2.0 (-1) 1,130 (+2%) 2mo $770,000 $681 63
10039 13th Ave NW 0.73mi 3/2.0 1,096 (-1%) 4mo $920,000 $839 60
10039 13th Ave NW 0.73mi 3/2.0 1,096 (-1%) 4mo $920,000 $839 60
9725 Evanston Ave N Unit B 0.55mi 3/2.5 1,193 (+8%) 3mo $699,000 $586 58
9725 Evanston Ave N Unit B 0.55mi 3/2.5 1,193 (+8%) 3mo $699,000 $586 58
908 NW 85th St 0.50mi 3/2.5 1,248 (+13%) 4mo $660,000 $529 52
721 N 88th St Unit A 0.61mi 2/1.0 (-1) 1,150 (+4%) 4mo $615,000 $535 51
10044 12th Ave NW 0.66mi 3/2.0 1,260 (+14%) 2mo $711,000 $564 42

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
-49.5%
Equity multiple
-0.46×
Total profit
$-275,188
Equity at exit
$100,637
10-year hold
IRR
Equity multiple
-1.48×
Total profit
$-468,228
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
25 active · 28 under contract
Months of supply
3.0 mo (33%/mo absorbed)
Median asking
$685,000 ($631/sqft)
Median days on market
43 d
This list price
44% of active listings are priced below it
ARV vs active asking
+2.3% 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
360
Price-to-rent
20.0×

Monthly cashflow live

Estimated rent
$2,809 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
$590
Net cashflow
$-2,514

Break-even live

Break-even rent $5,991
Max offer price $311,175
Occupancy floor

Sensitivity live

Price -10% $-2,048 -5% $-2,281 +0% $-2,514 +5% $-2,747 +10% $-2,980
Rent -10% $-2,736 -5% $-2,625 +0% $-2,514 +5% $-2,403 +10% $-2,292
Rate -1.0pp $-2,174 -0.5pp $-2,342 base $-2,514 +0.5pp $-2,689 +1.0pp $-2,867

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
9218 4th Ave NW Seattle, WA 2.0 2.5 1040 $4,250 $4.09 58d 1 0.06mi
9242 2nd Ave NW Seattle, WA 3.0 1.0 1100 $2,950 $2.68 109d 1 0.12mi
9513 3rd Ave NW Seattle, WA 2.0 2.0 1100 $3,600 $3.27 38d 1 0.16mi
107 N 90th St Unit MAIN LOWER Seattle, WA 3.0 1.0 1000 $2,925 $2.92 0d 1 0.20mi
9221 Greenwood Ave N Unit 4 Seattle, WA 2.0 2.0 850 $2,100 $2.47 0d 1 0.24mi
9039 Greenwood Ave N Seattle, WA 1.0–2.0 1.0–2.0 746 $2,830 $3.79 0d 5 0.25mi
9514 8th Ave NW Apt 103 Seattle, WA 2.0 1.0 900 $1,999 $2.22 40d 1 0.27mi
8620 3rd Ave NW Seattle, WA 2.0 1.5 960 $2,395 $2.49 0d 1 0.27mi
319 NW 87th St Seattle, WA 2.0 2.0 953 $3,000 $3.15 42d 1 0.29mi
9030 Greenwood Ave N Unit 202 Seattle, WA 2.0 1.0 850 $1,825 $2.15 73d 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 $1,950 $2.29 62d 1 0.29mi
9542 8th Ave NW Unit 9542 Seattle, WA 2.0 1.0 1000 $2,750 $2.75 0d 1 0.31mi
9724 6th Ave NW Unit C Seattle, WA 2.0 1.0 750 $2,300 $3.07 114d 1 0.32mi
9724 6th Ave NW Unit B Seattle, WA 2.0 1.0 750 $1,900 $2.53 54d 1 0.32mi
8623 Palatine Ave N Seattle, WA 2.0 1.0–2.0 917 $3,175 $3.46 0d 1 0.34mi
8612 Palatine Ave N Seattle, WA 2.0 1.0–2.0 699 $3,067 $4.39 0d 6 0.36mi
8704 Greenwood Ave N Seattle, WA 3.0 1.0–2.0 748 $2,827 $3.78 0d 9 0.37mi
8746 Phinney Ave N Seattle, WA 2.0 1.0 783 $1,945 $2.48 0d 1 0.38mi
121 NW 85th St Seattle, WA 2.0 1.0–2.0 737 $1,930 $2.62 0d 1 0.39mi
10002 3rd Ave NW Unit B Seattle, WA 4.0 2.0 1200 $3,495 $2.91 48d 1 0.40mi
615 NW 85th St Unit 3 Seattle, WA 2.0 1.0 938 $1,895 $2.02 40d 1 0.41mi
615 NW 85th St Unit 2 Seattle, WA 2.0 1.0 938 $2,250 $2.40 67d 1 0.41mi
615 NW 85th St Unit 7 Seattle, WA 2.0 1.0 938 $1,995 $2.13 47d 1 0.41mi
615 NW 85th St Unit 8 Seattle, WA 2.0 1.0 938 $1,925 $2.05 31d 1 0.41mi
615 NW 85th St Unit 7 Seattle, WA 2.0 1.0 938 $2,150 $2.29 63d 1 0.41mi
9002 11th Ave NW Unit 1 Seattle, WA 2.0 1.0 1200 $2,875 $2.40 40d 1 0.42mi
643 C NW 85th St Seattle, WA 3.0 2.5 1450 $4,050 $2.79 113d 1 0.43mi
407 N 87th St Seattle, WA 2.0 1.0 780 $1,945 $2.49 0d 1 0.44mi
9750 Greenwood Ave N #204 Seattle, WA 2.0 2.0 961 $2,760 $2.87 0d 1 0.45mi
320 N 85th St Seattle, WA 1.0–2.0 1.0–2.0 777 $3,316 $4.26 0d 10 0.46mi
10012 8th Ave NW Seattle, WA 3.0 2.0 1270 $2,500 $1.97 94d 1 0.47mi
8403a 8th Ave NW Seattle, WA 3.0 3.0 1380 $3,480 $2.52 110d 1 0.47mi
110 NW 83rd St Unit 2 Seattle, WA 3.0 2.0 1100 $2,800 $2.55 81d 1 0.48mi
10005 7th Ave NW Unit B Seattle, WA 2.0 1.0 850 $1,925 $2.26 32d 1 0.48mi
10131 3rd Ave NW Unit A Seattle, WA 3.0 1.0 1350 $2,600 $1.93 0d 1 0.49mi
9746 Phinney Ave N #1 Seattle, WA 3.0 2.0 1236 $3,495 $2.83 34d 1 0.49mi
424 N 85th St #301 Seattle, WA 2.0 2.0 1056 $2,795 $2.65 59d 1 0.51mi
1207 NW 92nd St Seattle, WA 1.0–2.0 1.0 689 $2,095 $3.04 0d 2 0.52mi
9521 12th Ave NW Unit B Seattle, WA 2.0 1.0 900 $2,495 $2.77 0d 1 0.53mi

Property features AI

Finance

Other
Building name: 309 NW 92nd St Condominium Owners AssociationEstimated completion date: 2026-04-27
Financial info
Financing options: Cash, Conventional, FHA, VA
HOA & community
HOA with $20 annual fee (details: see remarks)2 total units in the community

Exterior

Parking
Individual garage1 uncovered parking space
Utilities
Electric energy sourceElectric water heater
Home design
Detached condominiumTwo storiesUnit located on first floor of the building (floor 1)Condo (2 levels) style
Construction
Wood constructionComposition roofNew construction (completed, effective year built 2026)
Exterior features
Wood exteriorAlley accessPaved access

Interior

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

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

Loading nearby amenities…

Taxation est. · year 1

Rental income
$33,705
− Mortgage interest
−$37,808
− Property taxes
−$10,124
− Insurance
−$4,172
− Repairs & maintenance
−$2,696
− Management
−$2,696
− HOA
−$24
− Depreciation
−$19,635
Taxable loss
−$43,451
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$10,428
After-tax cash flow
$-19,739/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
  • 2026-09-01 Listed $674,950 NWMLS as Distributed by MLS Grid

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…