407 Leber Street NEOrtingWA98360
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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 Orting at 407 Leber Street NE, Orting, WA, 98360 priced at $675,000 converts $3,498/mo rent into after a $3,304/mo obligation. Total monthly income equals $3,498/mo. Return on cash invested prints 17.04% in year one, and rental yield reads 6.22% against a $675,000 entry. Equity gained on principal adds $4,356/yr, while 5% annual appreciation compiles into $186,490 by year five. Five-year ROI reaches 87.17% and total cumulative return in cash sums $193,587. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,498/mo property income covering a $3,304/mo payment, not borrower’s personal income.
Single Family
Built in 1967
0.92 Acres 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: Liza Fox • Real Broker LLC
Mls Name: NWMLS
Mls ID: #2404261