1414 N 7th StreetTacomaWA98403
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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
Rental property for sale in Tacoma at 1414 N 7th Street, Tacoma, WA, 98403 generates $4,008/mo in rent, after a $3,367/mo payment. Total monthly income is $4,008/mo. Return on cash invested sits at 19.39% in year one, and rental yield is 6.99% on a $688,000 entry. Equity gained on principal adds $4,440/yr, while 5% annual appreciation builds toward $190,082 over five years. Five-year ROI reaches 99.76% and total cumulative return in cash sums $225,808. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,008/mo property income rather than buyer’s personal income.
Single Family
Built in 1928
2,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98403, Tacoma, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,772 (100%) |
| Owner Occupied HU | 1,810 (37.9%) |
| Renter Occupied HU | 2,607 (54.6%) |
| Vacant Housing Units | 355 ( 7.4%) |
| Median Home Value | $832,367 |
| Average Home Value | $908,461 |
Housing Distribution
Address Breakdown
Residential
4,387
Single Family
2,154
Multi-Family
2,233
Businesses
189
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Listed by: Lawrence D. Tuell • RE/MAX Northwest
Mls Name: NWMLS
Mls ID: #2417599