Dara Property
Buy a rental in Seattle, from your phone
Seattle pairs one of America's densest concentrations of software payrolls with a renter-heavy housing market. That combination draws investors who want durable tenant demand behind a US dollar asset. Dara is built to handle the structure (LLC, EIN, US bank account), so you can own here without setting foot in Washington.
Texas is Dara's launch market. Washington opens as Dara expands to landlord-friendly states.
- No SSN needed for the loan
- Qualify on the home's rent
- Up to 70% financing, terms vary
- Typically closed remotely
Payrolls that sign leases
Seattle's rental market rests on high-wage employment. Amazon is headquartered downtown, and the metro carries one of the largest software workforces in the country. Those workers arrive for jobs, not houses, and most rent first. Geography does the rest. The city sits on a narrow strip between Puget Sound and Lake Washington, so buildable land is scarce. High wages plus constrained supply typically keep occupancy firm and rents resilient. For an investor abroad, that is the appeal: tenant demand paid in dollars, backed by employers who publish their headcount.
Beyond the tech campuses
Tech is the headline, not the whole tenant base. The University of Washington ranks among the largest public universities on the West Coast, and its students, staff, and researchers rent near campus. UW Medicine and the Fred Hutchinson Cancer Center anchor a major medical cluster. The Port of Seattle moves container traffic year-round, and Boeing builds aircraft across the metro. These sectors hire on different cycles than software. When one cools, the others typically keep units occupied. That spread separates Seattle from single-employer tech towns.
The honest Seattle math
Seattle is not a cheap market, and pretending otherwise helps no one. Entry prices sit well above most US metros, so rent covers the mortgage less comfortably than in the Midwest or South. Buyers here typically weigh condos, townhomes, or a larger down payment to make the numbers work. Regulation needs attention too. Seattle governs tenant screening, deposits, and eviction timing more tightly than most American cities, which makes professional property management the practical default. Standard landlord insurance also excludes earthquakes; that coverage is a separate policy. Investors typically come here for stability and long-run growth, not maximum monthly yield.
The lease qualifies you
None of this requires a US financial history. Partner lenders qualify the purchase on the home's projected rent (a DSCR loan), not on your US income or US credit. No SSN. No US credit file. No citizenship or residency requirement to own US real estate. Financing can cover the majority of the property's value; you fund the remainder as a down payment. Dara is built to stand up the LLC, the EIN, and the US bank account behind the purchase, and your money arrives at the mid-market rate with no wire fees. At Seattle's price tier, skipping wire fees is not a rounding error.
Run the numbers
Estimate the return on a Seattle rental
Operating costs come pre-filled for Seattle. Adjust the price, rent, and down payment to match a specific home and see cash flow, cap rate, and cash-on-cash return.
Share of the purchase price paid upfront. 100% is an all-cash purchase.
Operating costs seeded from illustrative Seattle assumptions: property tax 1.1% of price, insurance $1,800/yr, management 10% of income, maintenance 5% of rent, vacancy 5%. Financed scenarios model an 8.5% fixed rate over 30 years. Cash-on-cash includes 3% modeled closing costs. Illustrative; confirmed per property at qualification.
Monthly cash flow
After operating expenses
Cap rate
Cash-on-cash
Net operating income / yr
Why Dara
The same purchase, three ways.
| Dara | Traditional US bank | All cash | |
|---|---|---|---|
| US credit history | Not needed for the loan | Required | Not needed |
| SSN | Not needed for the loan | Usually required | Not needed |
| Financing | Up to 70% via partner lenders, terms vary | Case-by-case for foreign buyers | None, 100% your capital |
| Closing | Remote and digital, start to finish | In-person steps, slow paperwork | Remote, but you run it |
| Moving money | Mid-market rate in your wallet | Wire fees + FX markups | Wire fees + FX markups |
| Management | Dara manages by default, or your own manager | You find one | You find one |
Buyer stories
What buying from abroad looks like.
Illustrative scenario
Years of savings, no green card, and a US mortgage that still looked impossible. Dara maps the whole purchase before the first call.
Illustrative scenario
The LLC, the EIN, the bank account: the boring parts done in days. The buyer picks the house; Dara runs the rest.
Illustrative scenario
Rent lands in the wallet next to the money going home. One app, both directions.
Illustrative scenarios, not customer reviews. Real buyer stories land here at launch.
Seattle property FAQ
Can rent really cover the mortgage at Seattle prices?
Often, yes, but the margin is thinner than in cheaper metros. Lenders size the loan against the home's projected rent, so an expensive property may need a larger down payment to qualify. The method does not change at Seattle prices; the inputs do.
How do Seattle's tenant rules affect an owner abroad?
They make local property management the sensible default. Seattle regulates screening, deposits, and eviction timing more closely than most US cities, and a licensed local manager keeps the operation compliant. You hold the asset; the manager runs the process.
Does Washington's lack of a state income tax matter?
Yes, at the state level. Washington levies no state income tax, so the state takes nothing from your rental profit; federal tax still applies. Plan the details with a cross-border tax adviser.
Do I ever need to travel to Seattle?
No. Appraisal, inspection, title, and insurance run digitally, and the closing runs remotely, with online notarization where the state authorizes it. Dara is built to stand up the LLC, EIN, and US bank account, and funds move at the mid-market rate with no wire fees.
Ready to buy a rental in Seattle?
See what you qualify for in about two minutes. No credit pull.