1532 S 45th StreetTacomaWA98418
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 1532 S 45th Street, Tacoma, WA, 98418 in Tacoma worth modelling. At $247,500 with a 8.13% gross yield, the $1,677/mo rent leaves $189/mo after the $1,173/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.43 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $68,380 by year five; $2,075/yr in principal reduction adds further equity. Total projected return: $101,203.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 5.2% |
| Monthly Cash Flow | $189 | $285 |
City averages based on Tacoma market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,677 |
| Total Monthly Debt Service | $1,450 |
| DSCR Ratio | 1.16x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1905
8,298 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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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
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Listed by: N/A • N/A
Mls Name: NWMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2587792
