16013 119th Avenue EPuyallupWA98374
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderSolid, durable, and financeable, 16013 119th Avenue E, Puyallup, WA, 98374 in Puyallup earns a 7.84% gross yield at $449,950. Rent of $2,941/mo nets $236/mo after the $2,023/mo mortgage. The 1.45 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $124,313 and $4,144/yr in equity accumulation project a total cumulative return of $185,504.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.8% | 5.2% |
| Monthly Cash Flow | $236 | $850 |
City averages based on Puyallup market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,941 |
| Total Monthly Debt Service | $2,526 |
| 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 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1982
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98374, Puyallup, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,629 (100%) |
| Owner Occupied HU | 13,027 (66.4%) |
| Renter Occupied HU | 5,801 (29.6%) |
| Vacant Housing Units | 801 ( 4.1%) |
| Median Home Value | $595,754 |
| Average Home Value | $602,923 |
Housing Distribution
Address Breakdown
Residential
18,293
Single Family
16,439
Multi-Family
1,854
Businesses
296
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1982
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98374, Puyallup, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,629 (100%) |
| Owner Occupied HU | 13,027 (66.4%) |
| Renter Occupied HU | 5,801 (29.6%) |
| Vacant Housing Units | 801 ( 4.1%) |
| Median Home Value | $595,754 |
| Average Home Value | $602,923 |
Housing Distribution
Address Breakdown
Residential
18,293
Single Family
16,439
Multi-Family
1,854
Businesses
296
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Isaac Schaefer • Realty One Group Turn Key
Mls Name: NWMLS
Mls ID: #2479692