Top 10 Seattle Zillow Investment Listings Ranked by Cash-on-Cash Return
Ten Seattle rental listings from Zillow ranked by cash-on-cash return. Manufactured homes, houseboats, and condos with Realy metrics and investor notes.
These ten listings were pulled from Seattle Zillow markets (98133, 98109, 98102, 98146, 98103, 98115, 98118, 98121, 98108, 98105) and ranked by cash-on-cash return (CoC) using Realy’s Chrome extension, sorted by highest CoC first.
All ten listings show positive CoC under lean assumptions. Manufactured homes and floating homes lead. Conventional SFRs and condos fill the lower half. Marina fees, space rent, and HOA are modeled at $0, so re-run each deal with real expenses.
This is a screening list, not a buy list.
Calculation Assumptions Used
| Input | Setting |
|---|---|
| Down payment | 20% · Closing 1% · Rate 6.5% · 30Y fixed |
| Property taxes | 2% of sale value |
| Insurance, vacancy, maintenance, HOA | $0 (add your quotes) |
| Rent | Zillow Rent Zestimate |
See cash-on-cash formula and NOI guide.
At-a-Glance Ranking
| # | Address | Price | Beds/Baths | CoC | Cap Rate | Mo. CF | Rent/mo |
|---|---|---|---|---|---|---|---|
| 1 | 12200 Stone Ave N #38 | $125,000 | 2 / 1 | 83.6% | 23.6% | $1,829 | $2,669 |
| 2 | 1818 Westlake Ave N #D22 | $120,000 | 1 / 1 | 47.8% | 16.1% | $1,004 | $1,811 |
| 3 | 1325 Fairview Ave N | $150,000 | 1 / 1 | 35.9% | 13.6% | $944 | $1,952 |
| 4 | 110 SW 116th St #A11 | $145,000 | 1 / 1 | 33.1% | 13.0% | $840 | $1,815 |
| 5 | 2401 N Northlake Way | $125,000 | 2 / 1 | 28.5% | 12.0% | $623 | $1,463 |
| 6 | 2301 NE 65th St #406 | $275,000 | 2 / 1 | 16.5% | 9.5% | $793 | $2,642 |
| 7 | 4563 33rd Ave S | $529,000 | 5 / 4 | 16.0% | 9.4% | $1,476 | $5,033 |
| 8 | 2100 3rd Ave #506 | $275,000 | 1 / 1 | 14.7% | 9.2% | $706 | $2,555 |
| 9 | 6608 Carleton Ave S #B | $549,950 | 3 / 3 | 14.1% | 9.0% | $1,356 | $5,053 |
| 10 | 901 NE 43rd St #306 | $199,000 | 1 / 1 | 12.0% | 8.6% | $419 | $1,757 |
#1: 12200 Stone Avenue N #38, Seattle WA 98133
Manufactured · 2 bed / 1 bath · 780 sqft · $125,000
| Metric | Value |
|---|---|
| Cash-on-cash | 83.6% |
| Cap rate | 23.6% |
| Monthly cash flow | $1,829 |
| Total cash down | $26,250 |
Why it ranks #1: North Seattle manufactured home with $2,669/mo rent on a $125K basis.
Investor notes: 69 days on market. Tax assessed only $7,429. Confirm space rent, park rules, and MH financing before treating CoC as real.
#2: 1818 Westlake Avenue N #D22, Seattle WA 98109
Single family · 1 bed / 1 bath · 380 sqft · $120,000
| Metric | Value |
|---|---|
| Cash-on-cash | 47.8% |
| Cap rate | 16.1% |
| Monthly cash flow | $1,004 |
Investor notes: $5,000 price cut (Jun 16). Lake Union / Westlake. Gated marina listing. 102 days on market. Marina slip fees are the swing expense. Verify ownership type (floating home vs. vessel).
#3: 1325 Fairview Avenue N, Seattle WA 98102
Single family · 1 bed / 1 bath · 527 sqft · $150,000
| Metric | Value |
|---|---|
| Cash-on-cash | 35.9% |
| Cap rate | 13.6% |
| Monthly cash flow | $944 |
Investor notes: Eastlake / Fairview. 342 days on Zillow. Likely floating home. Long DOM. Confirm marina costs and rental demand.
#4: 110 SW 116th Street #A11, Seattle WA 98146
Condo · 1 bed / 1 bath · 774 sqft · $145,000
| Metric | Value |
|---|---|
| Cash-on-cash | 33.1% |
| Cap rate | 13.0% |
| Monthly cash flow | $840 |
Investor notes: $10,000 price cut (Jun 16). White Center / 98146. 222 days on market. Zestimate ~$141K. Confirm HOA dues.
#5: 2401 N Northlake Way, Seattle WA 98103
Single family · 2 bed / 1 bath · 290 sqft · $125,000
| Metric | Value |
|---|---|
| Cash-on-cash | 28.5% |
| Cap rate | 12.0% |
| Monthly cash flow | $623 |
Investor notes: $10,000 price cut (May 6). 301 days on Zillow. Wallingford / Northlake. Compact 290 sqft footprint. Another marina-style listing. Confirm fees.
#6: 2301 NE 65th Street #406, Seattle WA 98115
Condo · 2 bed / 1 bath · 875 sqft · $275,000
| Metric | Value |
|---|---|
| Cash-on-cash | 16.5% |
| Cap rate | 9.5% |
| Monthly cash flow | $793 |
Investor notes: Ravenna / Roosevelt. Top-floor corner unit. 122 days on market. Zestimate ~$261K. Conventional condo. HOA required.
#7: 4563 33rd Avenue S, Seattle WA 98118
Single family · 5 bed / 4 bath · 1,996 sqft · $529,000
| Metric | Value |
|---|---|
| Cash-on-cash | 16.0% |
| Cap rate | 9.4% |
| Monthly cash flow | $1,476 |
Investor notes: $10,000 price cut (Jul 2). Columbia City / Seward Park edge. Highest rent on screen ($5,033). 67 days on market. Larger SFR with multi-bath layout.
#8: 2100 3rd Avenue #506, Seattle WA 98121
Condo · 1 bed / 1 bath · 773 sqft · $275,000
| Metric | Value |
|---|---|
| Cash-on-cash | 14.7% |
| Cap rate | 9.2% |
| Monthly cash flow | $706 |
Investor notes: Belltown / downtown. 18 days on market. Building amenities include a pool. HOA will reshape cash flow.
#9: 6608 Carleton Avenue S #B, Seattle WA 98108
Townhouse · 3 bed / 3 bath · 1,698 sqft · $549,950
| Metric | Value |
|---|---|
| Cash-on-cash | 14.1% |
| Cap rate | 9.0% |
| Monthly cash flow | $1,356 |
Investor notes: New construction. Brand-new listing. Georgetown / South Seattle. Highest ask on screen. Confirm HOA / assessments and builder warranties.
#10: 901 NE 43rd Street #306, Seattle WA 98105
Condo · 1 bed / 1 bath · 428 sqft · $199,000
| Metric | Value |
|---|---|
| Cash-on-cash | 12.0% |
| Cap rate | 8.6% |
| Monthly cash flow | $419 |
Investor notes: $11,000 price cut (Jul 6). University District. 150 days on market. Compact 428 sqft unit. Thinnest CoC on this screen once HOA is added.
Seattle Patterns
| Pattern | Takeaway |
|---|---|
| Alternative housing leads | MH and floating homes top CoC. Fee structure is critical |
| Sub-$150K entry | Top five are all under $150K |
| Condo HOA gap | #4, #6, #8, #10 need real dues before trusting cash flow |
| vs. Washington state | Compare Washington top 10 |
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Related: First rental checklist · Washington top 10