1305 E Fairbanks StreetTacomaWA98404
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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 1305 E Fairbanks Street, Tacoma, WA, 98404 listed at $385,000 pairs $2,752/mo rent with a $1,884/mo payment to leave $438/mo cash flow. Total monthly income runs $2,752/mo, and annual cash flow reaches $5,257/yr on $127,628 cash to close. Return on cash invested measures 24.03% in year one, and rental yield registers 8.58% at a $385,000 basis. Equity gained on principal adds $2,484/yr, and annual property appreciation at 5% supports $106,368 by year five. Five-year ROI tracks 124.72% and total cumulative return in cash totals $159,178. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,752/mo property income relative to a $1,884/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1904
6,499 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98404, Tacoma, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,577 (100%) |
| Owner Occupied HU | 7,615 (60.5%) |
| Renter Occupied HU | 4,516 (35.9%) |
| Vacant Housing Units | 446 ( 3.5%) |
| Median Home Value | $493,245 |
| Average Home Value | $530,997 |
Housing Distribution
Address Breakdown
Residential
11,898
Single Family
10,846
Multi-Family
1,052
Businesses
328
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Listed by: Tammi Gilgan • Skyline Properties, Inc.
Mls Name: NWMLS
Mls ID: #2419944