1324 Riddell Ave NEOrtingWA98360
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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
Investment Highlights
Rental property for sale in Orting at 1324 Riddell Ave NE, Orting, WA, 98360 generates $3,532/mo in rent and, after a $2,422/mo payment, leaves $521/mo in cash flow. Total monthly income is $3,532/mo, and annual cash flow is $6,254/yr on $164,026 invested. Return on cash invested sits at 23.72% in year one, and rental yield is 8.57% on a $494,800 entry. Equity gained on principal adds $3,193/yr, while 5% annual appreciation builds toward $136,704 over five years. Five-year ROI reaches 123.17% and total cumulative return in cash sums $202,039. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,532/mo property income rather than buyer’s personal income.
Single Family
Built in 2006
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98360, Orting, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,173 (100%) |
| Owner Occupied HU | 4,410 (85.3%) |
| Renter Occupied HU | 628 (12.1%) |
| Vacant Housing Units | 135 ( 2.6%) |
| Median Home Value | $591,502 |
| Average Home Value | $621,952 |
Housing Distribution
Address Breakdown
Residential
4,315
Single Family
4,296
Multi-Family
19
Businesses
245
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