2302 Tacoma Point Drive E, Lake Tapps, WA, 98391 | 6.96% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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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Investment Highlights

Rental property for sale in Lake Tapps at 2302 Tacoma Point Drive E, Lake Tapps, WA, 98391 generates $2,174/mo in rent, after a $1,835/mo payment. Total monthly income is $2,174/mo. Return on cash invested sits at 19.14% in year one, and rental yield is 6.96% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 98.5% and total cumulative return in cash sums $122,451. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,174/mo property income rather than buyer’s personal income.

Single Family

Built in 1960

0.37 Acres lot

$N/A/sqft

No HOA