1 Broadway #320TacomaWA98402
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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 Tacoma at 1 Broadway #320, Tacoma, WA, 98402 uses $123,981 cash to close to unlock $4,648/yr annual cash flow and $387/mo monthly cash flow. Total monthly income runs $2,636/mo, and a $1,831/mo payment keeps the spread at $387/mo. Purchase price stands at $374,000, and rental yield measures 8.46% with $2,636/mo rent. Return on cash invested shows 23.66% in year one, and 5% annual appreciation builds toward $103,329 over five years. Five-year ROI reaches 122.74% and total cumulative return in cash records $152,173. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,636/mo property income covering a $1,831/mo payment rather than investor’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98402, Tacoma, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,421 (100%) |
| Owner Occupied HU | 388 ( 7.2%) |
| Renter Occupied HU | 4,085 (75.4%) |
| Vacant Housing Units | 948 (17.5%) |
| Median Home Value | $587,248 |
| Average Home Value | $633,022 |
Housing Distribution
Address Breakdown
Residential
5,028
Single Family
1,034
Multi-Family
3,994
Businesses
1,122
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Listed by: Barbara C Magnuson • Windermere Prof Partners
Mls Name: NWMLS
Mls ID: #2440633