1016 N Madison StreetTacomaWA98406
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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 Tacoma at 1016 N Madison Street, Tacoma, WA, 98406 generates $3,523/mo in rent, after a $3,842/mo payment. Total monthly income is $3,523/mo. Return on cash invested sits at 14.51% in year one, and rental yield is 5.39% on a $785,000 entry. Equity gained on principal adds $5,065/yr, while 5% annual appreciation builds toward $216,881 over five years. Five-year ROI reaches 73.6% and total cumulative return in cash sums $190,082. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,523/mo property income rather than buyer’s personal income.
Single Family
Built in 1941
5,401 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98406, Tacoma, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,187 (100%) |
| Owner Occupied HU | 6,113 (60.0%) |
| Renter Occupied HU | 3,593 (35.3%) |
| Vacant Housing Units | 481 ( 4.7%) |
| Median Home Value | $642,109 |
| Average Home Value | $673,204 |
Housing Distribution
Address Breakdown
Residential
10,184
Single Family
7,544
Multi-Family
2,640
Businesses
464
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Listed by: Jeff Jensen • Keller Williams Rty Tacoma
Mls Name: NWMLS
Mls ID: #2390041