1237 S Ridgewood AveTacomaWA98405
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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 1237 S Ridgewood Ave, Tacoma, WA, 98405 generates $2,502/mo in rent and, after a $1,928/mo payment, leaves $134/mo in cash flow. Total monthly income is $2,502/mo, and annual cash flow is $1,608/yr on $130,611 invested. Return on cash invested sits at 21.14% in year one, and rental yield is 7.62% on a $394,000 entry. Equity gained on principal adds $2,542/yr, while 5% annual appreciation builds toward $108,855 over five years. Five-year ROI reaches 109.24% and total cumulative return in cash sums $142,684. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,502/mo property income rather than buyer’s personal income.
Single Family
Built in 1942
7,021 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98405, Tacoma, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,817 (100%) |
| Owner Occupied HU | 4,859 (37.9%) |
| Renter Occupied HU | 7,052 (55.0%) |
| Vacant Housing Units | 906 ( 7.1%) |
| Median Home Value | $552,735 |
| Average Home Value | $608,483 |
Housing Distribution
Address Breakdown
Residential
11,258
Single Family
7,589
Multi-Family
3,669
Businesses
720
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Listed by: Ronnie Jackson • eXp Realty
Mls Name: NWMLS
Mls ID: #2438655