1023 S 88th Street, Tacoma, WA, 98444 | $286/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1023 S 88th Street, Tacoma, WA, 98444 | $286/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Tacoma at 1023 S 88th Street, Tacoma, WA, 98444 offers a 7.92% rental yield on a $485,000 purchase with $3,202/mo rent. Total monthly income registers $3,202/mo, and a $2,374/mo payment leaves $286/mo available for distribution. Annual cash flow reaches $3,437/yr on $160,778 to close, and return on cash invested stands at 22.05% in year one. Equity gained on principal adds $3,130/yr while 5% annual appreciation supports $133,997 over five years. Portfolio math shows five-year ROI at 114.08% and total cumulative return in cash at $183,410. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,202/mo property income against a $2,374/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1977

10,254 sqft lot

$N/A/sqft

No HOA

More details about the property

Don't miss your chance to own this charming 4-bedroom, 1.75-bathroom home in the sought after Fern Hill area of Tacoma. Located on a peaceful dead-end street, this property offers convenience and comfort, with easy access to schools, shopping centers, amenities, I-5, 512, and JBLM. Home Features: Brand New Exterior Paint, Newer Carpet, Laminate Flooring, Hot Water Tank, Washer, Dryer and Dishwasher. Nice size bedrooms on both upstairs and downstairs. Flowing family & dining rooms connected to a covered back deck overlooking a spacious, fenced backyard with storage shed and a huge 2 car cover carports for ez parking. While additional updates may be desired, seller has already made lots of improvements. Make this home your own!

Neighborhood Data

Neighborhood data shown for ZIP Code: 98444, Tacoma, WA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	14,215 (100%)
Owner Occupied HU	5,967 (42.0%)
Renter Occupied HU	7,620 (53.6%)
Vacant Housing Units	628 ( 4.4%)
Median Home Value	$454,879
Average Home Value	$484,650