1201 N Washington StreetTacomaWA98406
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1201 N Washington Street, Tacoma, WA, 98406 generates $4,116/mo in rent and, after a $3,181/mo payment, leaves $209/mo in cash flow. Total monthly income is $4,116/mo, and annual cash flow is $2,510/yr on $213,850 invested. Return on cash invested sits at 21.23% in year one, and rental yield is 7.6% on a $650,000 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation builds toward $179,583 over five years. Five-year ROI reaches 109.69% and total cumulative return in cash sums $234,566. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,116/mo property income rather than buyer’s personal income.
Multi Family
Built in 1941
5,601 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ryan N. Karns • Coldwell Banker Bain
Mls Name: NWMLS
Mls ID: #2460366