126 Cormorant Drive, Steilacoom, WA, 98388 | 5.41% Rental Yield

For Sale

Listed for sale 6 days ago

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Total monthly income runs $3,562/mo, and a $3,867/mo payment. Purchase price stands at $790,000, and rental yield measures 5.41% with $3,562/mo rent. Return on cash invested shows 14.58% in year one, and 5% annual appreciation builds toward $218,262 over five years. Five-year ROI reaches 73.99% and total cumulative return in cash records $192,300. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,562/mo property income covering a $3,867/mo payment rather than investor’s personal income.

Townhouse

Built in 1991

N/A lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 98388, Steilacoom, WA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,972 (100%)
Owner Occupied HU	1,923 (64.7%)
Renter Occupied HU	926 (31.2%)
Vacant Housing Units	123 ( 4.1%)
Median Home Value	$664,681
Average Home Value	$722,841