1607 Harrison StreetSteilacoomWA98388
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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 Steilacoom at 1607 Harrison Street, Steilacoom, WA, 98388 earns $241/mo cash flow from $3,421/mo rent with a $2,589/mo payment. Total monthly income totals $3,421/mo, and annual cash flow totals $2,895/yr on $174,041 capital. ROI tracks 21.72% on current figures, and rental yield reads 7.76% at a $529,000 purchase. Equity gained on principal adds $3,414/yr, and 5% annual appreciation supports $146,153 over five years. Five-year ROI reaches 112.33% and total cumulative return in cash sums $195,497. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,421/mo property income instead of your personal income.
Single Family
Built in 1930
8,999 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98388, Steilacoom, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,972 (100%) |
| Owner Occupied HU | 1,923 (64.7%) |
| Renter Occupied HU | 926 (31.2%) |
| Vacant Housing Units | 123 ( 4.1%) |
| Median Home Value | $664,681 |
| Average Home Value | $722,841 |
Housing Distribution
Address Breakdown
Residential
2,850
Single Family
2,366
Multi-Family
484
Businesses
113
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Listed by: Stacie Whitfield • List4FlatFee.com, LLC
Mls Name: NWMLS
Mls ID: #2426314