15 E Shore CourtOrondoWA98843
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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 Orondo at 15 E Shore Court, Orondo, WA, 98843 priced at $975,000 converts $1,927/mo rent into after a $4,772/mo obligation. Total monthly income equals $1,927/mo. Return on cash invested prints 5.34% in year one, and rental yield reads 2.37% against a $975,000 entry. Equity gained on principal adds $6,292/yr, while 5% annual appreciation compiles into $269,375 by year five. Five-year ROI reaches 24.47% and total cumulative return in cash sums $78,495. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,927/mo property income covering a $4,772/mo payment, not borrower’s personal income.
Single Family
Built in 2024
1.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98843, Orondo, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,486 (100%) |
| Owner Occupied HU | 467 (31.4%) |
| Renter Occupied HU | 326 (21.9%) |
| Vacant Housing Units | 693 (46.6%) |
| Median Home Value | $693,056 |
| Average Home Value | $750,236 |
Housing Distribution
Address Breakdown
Residential
909
Single Family
909
Multi-Family
0
Businesses
34
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Nearby investment properties with comparable prices
Listed by: Kimberly Miller • Nick McLean Real Estate Group
Mls Name: NWMLS
Mls ID: #2469008