1407 S 41st StreetTacomaWA98418
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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 1407 S 41st Street, Tacoma, WA, 98418 offers a 7.95% rental yield on a $395,000 purchase with $2,616/mo rent. Total monthly income registers $2,616/mo, and a $1,933/mo payment leaves $242/mo available for distribution. Annual cash flow reaches $2,903/yr on $130,943 to close, and return on cash invested stands at 22.13% in year one. Equity gained on principal adds $2,549/yr while 5% annual appreciation supports $109,131 over five years. Portfolio math shows five-year ROI at 114.49% and total cumulative return in cash at $149,910. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,616/mo property income against a $1,933/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1941
6,050 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98418, Tacoma, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,278 (100%) |
| Owner Occupied HU | 2,532 (59.2%) |
| Renter Occupied HU | 1,536 (35.9%) |
| Vacant Housing Units | 210 ( 4.9%) |
| Median Home Value | $520,107 |
| Average Home Value | $595,419 |
Housing Distribution
Address Breakdown
Residential
4,019
Single Family
3,542
Multi-Family
477
Businesses
180
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Listed by: Abbey Beal • Redfin
Mls Name: NWMLS
Mls ID: #2429312