215 Corrin Avenue NW #COrtingWA98360
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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 215 Corrin Avenue NW #C, Orting, WA, 98360 with 5% annual appreciation on a $424,950 basis while $3,300/mo rent supports operations. Total monthly income totals $3,300/mo and a $2,080/mo payment preserves $745/mo for cash returns. Annual cash flow comes to $8,946/yr on $140,871 deployed, and return on cash invested reaches 26.26% in year one. Equity gained on principal adds $2,742/yr, and five-year appreciation sums $117,406 alongside rental yield of 9.32%. Five-year ROI measures 136.67% and total cumulative return in cash totals $192,529.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,300/mo property income versus a $2,080/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2025
2,252 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: Stuart Steadman • Keller Williams Realty PS
Mls Name: NWMLS
Mls ID: #2470415