1601 Norpoint Way NETacomaWA98422
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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 1601 Norpoint Way NE, Tacoma, WA, 98422 offers a 2.7% rental yield on a $1,350,000 purchase with $3,037/mo rent. 44% in year one. Equity gained on principal adds $8,711/yr while 5% annual appreciation supports $372,980 over five years. Portfolio math shows five-year ROI at 30.26% and total cumulative return in cash at $132,365. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,037/mo property income against a $6,608/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1984
9,108 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98422, Tacoma, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,201 (100%) |
| Owner Occupied HU | 6,169 (75.2%) |
| Renter Occupied HU | 1,808 (22.0%) |
| Vacant Housing Units | 224 ( 2.7%) |
| Median Home Value | $667,258 |
| Average Home Value | $718,966 |
Housing Distribution
Address Breakdown
Residential
7,970
Single Family
7,297
Multi-Family
673
Businesses
107
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Listed by: Brian Thayer • Keller Williams Rty Tacoma
Mls Name: NWMLS
Mls ID: #2436465