2419 S Meridian #B8PuyallupWA98373
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
Investment Highlights
Rental property for sale in Puyallup at 2419 S Meridian #B8, Puyallup, WA, 98373 generates $2,198/mo in rent, after a $1,809/mo payment. Total monthly income is $2,198/mo. Return on cash invested sits at 19.68% in year one, and rental yield is 7.14% on a $369,500 entry. Equity gained on principal adds $2,384/yr, while 5% annual appreciation builds toward $102,086 over five years. Five-year ROI reaches 101.39% and total cumulative return in cash sums $124,192. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,198/mo property income rather than buyer’s personal income.
Condo
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98373, Puyallup, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,602 (100%) |
| Owner Occupied HU | 6,263 (59.1%) |
| Renter Occupied HU | 4,077 (38.5%) |
| Vacant Housing Units | 262 ( 2.5%) |
| Median Home Value | $600,208 |
| Average Home Value | $626,208 |
Housing Distribution
Address Breakdown
Residential
10,727
Single Family
7,743
Multi-Family
2,984
Businesses
1,144
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennifer Buday • Redfin
Mls Name: NWMLS
Mls ID: #2378973