OFF_MARKETExcellent Deal1 days on market

3531 S Morgan Street

3531 S Morgan Street, Seattle, WA 98118, Seattle, WA 98118
$559,950
Zestimate®:$821,700$261,750 Under Market

Listing Price

Property image 1
3531 S Morgan Street, Seattle, WA 98118
Loc: Seattle, WA
Days Listed
1
Tax Assessed
$812k
Zestimate®
$822k
32% Under Valued
Lot Size
7,810 sqft
Rent Estimate
$5,179/mo
Est. Cash Flow base
Type
single family

More Than Just a Property

We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.

4.9
Safety Score
A+
Schools

Nearby Schools

Educational options and performance ratings in the area.

8

Dearborn Park Elementary School

PK-5
0.7 mi away
7

Mercer Middle School

6-8
1.8 mi away
8

Cleveland High School

9-12
1.3 mi away

Property Overview

A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.

Features & Amenities

Open Floor PlanHardwood FloorsModern KitchenStainless Steel AppliancesCentral Heat/AirLarge BackyardParkingNear Transit

Haven AI Verdict

Recommendation
Pending...
Confidence Score: 0/10
Exercise caution due to potential market volatility.
Cap Rate
8.03%
Total ROI
29.8%
Cash Flow
$918/mo
DSCR
1.32
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Data provided by Haven AI. Disclaimer

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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-03-12Listed for sale$559,950$214

Tax History

YearProperty TaxTax Assessment
2024$8,414.45$812,000
2023$7,788.58$759,000
2022$7,577.82$827,000
2021$6,784.21$676,000
2020$6,296.5$593,000
2019$5,825.97$553,000
2018$4,967.51$519,000
2017$5,072.48$466,000
2016$3,414.72$394,000
2015$3,414.72$354,000
2014$3,414.72$319,000
2013$3,414.72$272,000
2012$0$272,000
2011$0$307,000
2010$0$309,000
2009$0$309,000
2007$0$308,000
2006$0$290,000
2005$0$273,000
2001$2,669.41$224,000
2000$2,512.13$200,000
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
3
Baths
3
Sq Ft
2,620
Institutional Underwriting Ledger

Investment Numbers & Operating Model

Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.

Data Sources:MLS List Price: $559,950Rent Basis: Observed Comp Model ($5,179/mo)State Tax Benchmark: 0.94% (WA)Hazard Reserve: $163/mo
Haven ScoreNeutral
4/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
6.83%

NOI: $38,265/yr

Cash-on-Cash Yield
2.6%

On $128,789 invested

DSCR Ratio
1.10x

Tight qualification

5-Yr Leveraged ROI
+107.4%

Equity + cumulative cash

Financing Scenario Controls
Adjust down payment & rates to model your personalized return

Monthly Cash Flow Breakdown

Monthly Operating Deductions
Property Taxes (0.94% of basis)-$636/mo
Homeowner / Hazard Insurance-$163/mo
Vacancy Reserve (5% of rent)-$259/mo
Repairs & Maintenance (10% of rent)-$518/mo
Property Management (8% of rent)-$414/mo
Total Pure Operating Expenses-$1,990/mo
Net Investor Cash Flow
Gross Scheduled Rent+$5,179/mo
Less: Operating Expenses-$1,990/mo
Net Operating Income (NOI)+$3,189/mo
Less: Debt Service (30yr @ 6.75%)-$2,905/mo
Net Cash Flow
$283/mo
$3,400/year
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