1131 Lenore DriveTacomaWA98406
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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 1131 Lenore Drive, Tacoma, WA, 98406 uses $171,064 cash to close to unlock $2,585/yr annual cash flow and $215/mo monthly cash flow. Total monthly income runs $3,341/mo, and a $2,545/mo payment keeps the spread at $215/mo. Purchase price stands at $519,950, and rental yield measures 7.71% with $3,341/mo rent. Return on cash invested shows 21.57% in year one, and 5% annual appreciation builds toward $143,653 over five years. Five-year ROI reaches 111.5% and total cumulative return in cash records $190,735. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,341/mo property income covering a $2,545/mo payment rather than investor’s personal income.
Single Family
Built in 1956
6,799 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: Kenneth Patton • COMPASS
Mls Name: NWMLS
Mls ID: #2465008