12622 132nd Avenue Ct EPuyallupWA98374
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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 Puyallup at 12622 132nd Avenue Ct E, Puyallup, WA, 98374 offers a 8% rental yield on a $425,000 purchase with $2,833/mo rent. Total monthly income registers $2,833/mo, and a $2,080/mo payment leaves $278/mo available for distribution. Annual cash flow reaches $3,341/yr on $140,888 to close, and return on cash invested stands at 22.28% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,420 over five years. Portfolio math shows five-year ROI at 115.34% and total cumulative return in cash at $162,497. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,833/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1993
9,064 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98374, Puyallup, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,629 (100%) |
| Owner Occupied HU | 13,027 (66.4%) |
| Renter Occupied HU | 5,801 (29.6%) |
| Vacant Housing Units | 801 ( 4.1%) |
| Median Home Value | $595,754 |
| Average Home Value | $602,923 |
Housing Distribution
Address Breakdown
Residential
18,293
Single Family
16,439
Multi-Family
1,854
Businesses
296
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Listed by: Mike Mansour • John L. Scott, Inc.
Mls Name: NWMLS
Mls ID: #2447209