2801 N Narrows Drive #E2TacomaWA98407
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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 Tacoma at 2801 N Narrows Drive #E2, Tacoma, WA, 98407 offers a 8.17% rental yield on a $450,000 purchase with $3,065/mo rent. Total monthly income registers $3,065/mo, and a $2,203/mo payment leaves $360/mo available for distribution. Annual cash flow reaches $4,314/yr on $149,175 to close, and return on cash invested stands at 22.8% in year one. Equity gained on principal adds $2,904/yr while 5% annual appreciation supports $124,327 over five years. Portfolio math shows five-year ROI at 118.12% and total cumulative return in cash at $176,202. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,065/mo property income against a $2,203/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1985
6,381 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98407, Tacoma, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,519 (100%) |
| Owner Occupied HU | 6,796 (64.6%) |
| Renter Occupied HU | 3,306 (31.4%) |
| Vacant Housing Units | 417 ( 4.0%) |
| Median Home Value | $683,531 |
| Average Home Value | $750,872 |
Housing Distribution
Address Breakdown
Residential
10,588
Single Family
7,800
Multi-Family
2,788
Businesses
285
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Listed by: Matt Hume • Windermere Prof Partners
Mls Name: NWMLS
Mls ID: #2422200