242 S 58th StreetTacomaWA98408
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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
Rental property for sale in Tacoma at 242 S 58th Street, Tacoma, WA, 98408 generates $3,461/mo in rent and, after a $2,374/mo payment, leaves $545/mo in cash flow. Total monthly income is $3,461/mo, and annual cash flow is $6,545/yr on $160,778 invested. Return on cash invested sits at 23.98% in year one, and rental yield is 8.56% on a $485,000 entry. Equity gained on principal adds $3,130/yr, while 5% annual appreciation builds toward $133,997 over five years. Five-year ROI reaches 124.45% and total cumulative return in cash sums $200,090. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,461/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
6,599 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98408, Tacoma, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,086 (100%) |
| Owner Occupied HU | 5,364 (66.3%) |
| Renter Occupied HU | 2,429 (30.0%) |
| Vacant Housing Units | 293 ( 3.6%) |
| Median Home Value | $509,715 |
| Average Home Value | $551,139 |
Housing Distribution
Address Breakdown
Residential
7,710
Single Family
6,912
Multi-Family
798
Businesses
325
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Listed by: Shannon Bell-Peterson • RE/MAX Honors
Mls Name: NWMLS
Mls ID: #2439628