23402 E Joseph AveOtis OrchardsWA99027
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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 Otis Orchards at 23402 E Joseph Ave, Otis Orchards, WA, 99027 listed at $500,000 pairs $2,269/mo rent with a $2,447/mo payment. Total monthly income runs $2,269/mo. Return on cash invested measures 14.58% in year one, and rental yield registers 5.45% at a $500,000 basis. Equity gained on principal adds $3,226/yr, and annual property appreciation at 5% supports $138,141 by year five. Five-year ROI tracks 74.02% and total cumulative return in cash totals $122,696. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,269/mo property income relative to a $2,447/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1973
1.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99027, Otis Orchards, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,825 (100%) |
| Owner Occupied HU | 2,507 (88.7%) |
| Renter Occupied HU | 248 ( 8.8%) |
| Vacant Housing Units | 70 ( 2.5%) |
| Median Home Value | $483,763 |
| Average Home Value | $525,365 |
Housing Distribution
Address Breakdown
Residential
2,597
Single Family
2,597
Multi-Family
0
Businesses
149
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Listed by: Susan Conner • Amplify Real Estate Services
Mls Name: SMLS
Mls ID: #202524897