1405 NE Riddell AvenueOrtingWA98360
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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
Investment property for sale in Orting at 1405 NE Riddell Avenue, Orting, WA, 98360 uses $172,725 cash to close to unlock $1,725/yr annual cash flow and $144/mo monthly cash flow. Total monthly income runs $3,300/mo, and a $2,570/mo payment keeps the spread at $144/mo. Purchase price stands at $525,000, and rental yield measures 7.54% with $3,300/mo rent. Return on cash invested shows 21.06% in year one, and 5% annual appreciation builds toward $145,048 over five years. Five-year ROI reaches 108.74% and total cumulative return in cash records $187,821. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,300/mo property income covering a $2,570/mo payment rather than investor’s personal income.
Single Family
Built in 2006
7,954 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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Listed by: Amy Virago • Keller Williams Realty
Mls Name: NWMLS
Mls ID: #2470679