1307 N Cascade AvenueTacomaWA98406
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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
Total monthly income runs $3,932/mo, and a $5,506/mo payment. Purchase price stands at $1,125,000, and rental yield measures 4.19% with $3,932/mo rent. Return on cash invested shows 11.05% in year one, and 5% annual appreciation builds toward $310,817 over five years. Five-year ROI reaches 55.01% and total cumulative return in cash records $200,504. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,932/mo property income covering a $5,506/mo payment rather than investor’s personal income.
Single Family
Built in 1959
7,801 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
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Listed by: Darlene Heseltine • Redfin
Mls Name: NWMLS
Mls ID: #2429998