1032 138th Street ETacomaWA98445
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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 1032 138th Street E, Tacoma, WA, 98445 generates $2,828/mo in rent and, after a $2,129/mo payment, leaves $213/mo in cash flow. Total monthly income is $2,828/mo, and annual cash flow is $2,559/yr on $144,203 invested. Return on cash invested sits at 21.68% in year one, and rental yield is 7.8% on a $435,000 entry. Equity gained on principal adds $2,807/yr, while 5% annual appreciation builds toward $120,182 over five years. Five-year ROI reaches 112.13% and total cumulative return in cash sums $161,700. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,828/mo property income rather than buyer’s personal income.
Single Family
Built in 1959
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98445, Tacoma, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,846 (100%) |
| Owner Occupied HU | 8,360 (65.1%) |
| Renter Occupied HU | 4,046 (31.5%) |
| Vacant Housing Units | 440 ( 3.4%) |
| Median Home Value | $501,412 |
| Average Home Value | $537,717 |
Housing Distribution
Address Breakdown
Residential
11,723
Single Family
10,782
Multi-Family
941
Businesses
231
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Listed by: Haley Gee • Real Broker LLC
Mls Name: NWMLS
Mls ID: #2461490