1502 S 59th StreetTacomaWA98408
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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 1502 S 59th Street, Tacoma, WA, 98408 uses $142,214 cash to close to unlock $5,627/yr annual cash flow and $469/mo monthly cash flow. Total monthly income runs $3,048/mo, and a $2,100/mo payment keeps the spread at $469/mo. Purchase price stands at $429,000, and rental yield measures 8.53% with $3,048/mo rent. Return on cash invested shows 23.87% in year one, and 5% annual appreciation builds toward $118,525 over five years. Five-year ROI reaches 123.82% and total cumulative return in cash records $176,089. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,048/mo property income covering a $2,100/mo payment rather than investor’s personal income.
Single Family
Built in 1952
7,457 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98408, Tacoma, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,086 (100%) |
| Owner Occupied HU | 5,364 (66.3%) |
| Renter Occupied HU | 2,429 (30.0%) |
| Vacant Housing Units | 293 ( 3.6%) |
| Median Home Value | $509,715 |
| Average Home Value | $551,139 |
Housing Distribution
Address Breakdown
Residential
7,710
Single Family
6,912
Multi-Family
798
Businesses
325
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Listed by: Darlene Heseltine • Redfin
Mls Name: NWMLS
Mls ID: #2460464