2309 Beech AvenueSteilacoomWA98388
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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
Total monthly income runs $2,459/mo, and a $2,589/mo payment. Purchase price stands at $529,000, and rental yield measures 5.58% with $2,459/mo rent. Return on cash invested shows 15.09% in year one, and 5% annual appreciation builds toward $146,153 over five years. Five-year ROI reaches 76.75% and total cumulative return in cash records $133,577. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,459/mo property income covering a $2,589/mo payment rather than investor’s personal income.
Single Family
Built in 1963
7,348 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: Whitney Johnsen • Hawkins Poe
Mls Name: NWMLS
Mls ID: #2473059