1412 S 38th 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 1412 S 38th Street, Tacoma, WA, 98418 uses $131,257 cash to close to unlock $7,090/yr annual cash flow and $591/mo monthly cash flow. Total monthly income runs $2,971/mo, and a $1,938/mo payment keeps the spread at $591/mo. Purchase price stands at $395,950, and rental yield measures 9% with $2,971/mo rent. Return on cash invested shows 25.31% in year one, and 5% annual appreciation builds toward $109,394 over five years. Five-year ROI reaches 131.57% and total cumulative return in cash records $172,696. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,971/mo property income covering a $1,938/mo payment rather than investor’s personal income.
Single Family
Built in 1926
3,998 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: Cabby Albright • Skyline Properties, Inc.
Mls Name: NWMLS
Mls ID: #2464545