300 Cascadian Court #15WinthropWA98862
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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 Winthrop at 300 Cascadian Court #15, Winthrop, WA, 98862 offers a 6.53% rental yield on a $568,000 purchase with $3,089/mo rent. 97% in year one. Equity gained on principal adds $3,665/yr while 5% annual appreciation supports $156,928 over five years. Portfolio math shows five-year ROI at 92.19% and total cumulative return in cash at $172,269. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,089/mo property income against a $2,780/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2008
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98862, Winthrop, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,070 (100%) |
| Owner Occupied HU | 1,053 (50.9%) |
| Renter Occupied HU | 227 (11.0%) |
| Vacant Housing Units | 790 (38.2%) |
| Median Home Value | $670,405 |
| Average Home Value | $751,852 |
Housing Distribution
Address Breakdown
Residential
761
Single Family
761
Multi-Family
0
Businesses
192
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Listed by: Teri Beatty • CB Cascade - Winthrop
Mls Name: NWMLS
Mls ID: #2449180