1005 62nd Avenue NETacomaWA98422
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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
Total monthly income runs $5,153/mo, and a $5,873/mo payment. Purchase price stands at $1,200,000, and rental yield measures 5.15% with $5,153/mo rent. Return on cash invested shows 14.01% in year one, and 5% annual appreciation builds toward $331,538 over five years. Five-year ROI reaches 70.87% and total cumulative return in cash records $275,555. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,153/mo property income covering a $5,873/mo payment rather than investor’s personal income.
Single Family
Built in 1973
1.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98422, Tacoma, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,201 (100%) |
| Owner Occupied HU | 6,169 (75.2%) |
| Renter Occupied HU | 1,808 (22.0%) |
| Vacant Housing Units | 224 ( 2.7%) |
| Median Home Value | $667,258 |
| Average Home Value | $718,966 |
Housing Distribution
Address Breakdown
Residential
7,970
Single Family
7,297
Multi-Family
673
Businesses
107
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Listed by: Melissa Douglas • Engel & Voelkers North Tacoma
Mls Name: NWMLS
Mls ID: #2462982