1120 Cliff Avenue #501TacomaWA98402
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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
Investment property for sale in Tacoma at 1120 Cliff Avenue #501, Tacoma, WA, 98402 listed at $425,000 pairs $2,124/mo rent with a $2,080/mo payment. Total monthly income runs $2,124/mo. Return on cash invested measures 16.24% in year one, and rental yield registers 6% at a $425,000 basis. Equity gained on principal adds $2,742/yr, and annual property appreciation at 5% supports $117,420 by year five. Five-year ROI tracks 82.95% and total cumulative return in cash totals $116,861. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,124/mo property income relative to a $2,080/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1907
230.87 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98402, Tacoma, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,421 (100%) |
| Owner Occupied HU | 388 ( 7.2%) |
| Renter Occupied HU | 4,085 (75.4%) |
| Vacant Housing Units | 948 (17.5%) |
| Median Home Value | $587,248 |
| Average Home Value | $633,022 |
Housing Distribution
Address Breakdown
Residential
5,028
Single Family
1,034
Multi-Family
3,994
Businesses
1,122
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Listed by: Stacie Palzer • Keller Williams Greater 360
Mls Name: NWMLS
Mls ID: #2468945