1208 N K StreetTacomaWA98403
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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 1208 N K Street, Tacoma, WA, 98403 uses $207,270 cash to close to unlock $5,862/yr annual cash flow and $489/mo monthly cash flow. Total monthly income runs $4,276/mo, and a $3,084/mo payment keeps the spread at $489/mo. Purchase price stands at $630,000, and rental yield measures 8.14% with $4,276/mo rent. Return on cash invested shows 22.89% in year one, and 5% annual appreciation builds toward $174,057 over five years. Five-year ROI reaches 118.56% and total cumulative return in cash records $245,746. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,276/mo property income covering a $3,084/mo payment rather than investor’s personal income.
Single Family
Built in 1938
4,874 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98403, Tacoma, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,772 (100%) |
| Owner Occupied HU | 1,810 (37.9%) |
| Renter Occupied HU | 2,607 (54.6%) |
| Vacant Housing Units | 355 ( 7.4%) |
| Median Home Value | $832,367 |
| Average Home Value | $908,461 |
Housing Distribution
Address Breakdown
Residential
4,387
Single Family
2,154
Multi-Family
2,233
Businesses
189
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Listed by: Justin Smith • Windermere Prof Partners
Mls Name: NWMLS
Mls ID: #2401112