1025 N Oakes Street, Tacoma, WA, 98406 | 6.46% Rental Yield

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1025 N Oakes Street, Tacoma, WA, 98406 | 6.46% Rental Yield | 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

Rental property for sale in Tacoma at 1025 N Oakes Street, Tacoma, WA, 98406 generates $3,013/mo in rent, after a $2,741/mo payment. Total monthly income is $3,013/mo. Return on cash invested sits at 17.76% in year one, and rental yield is 6.46% on a $560,000 entry. Equity gained on principal adds $3,614/yr, while 5% annual appreciation builds toward $154,718 over five years. Five-year ROI reaches 91.05% and total cumulative return in cash sums $167,741. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,013/mo property income rather than buyer’s personal income.

Single Family

Built in 1906

3,066 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this charming Craftsman in North Tacomas UPS neighborhood! This 2-bedroom, 1 -bath home blends classic character with smart updates. Fir floors, trim, and molding create warmth, while the spacious living and dining rooms open to a freshly painted deck. The kitchen offers granite counters, tile backsplash, & stainless-steel appliances. A ductless split-system heat pump provides year-round comfort. Upstairs are two bedrooms and a remodeled bath. Outside, enjoy a newly landscaped yard, raised covered carport, and storage shed, new exterior paint, newer roof & gutters. With Quantum Fiber 1GB internet, working from home is convenient. Close to UPS, parks, restaurants, and shopping, this home offers historic charm & modern comfort.

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