2801 N Narrows Drive #P1TacomaWA98407
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
Total monthly income runs $2,864/mo, and a $2,374/mo payment. Purchase price stands at $485,000, and rental yield measures 7.09% with $2,864/mo rent. Return on cash invested shows 19.52% in year one, and 5% annual appreciation builds toward $133,997 over five years. Five-year ROI reaches 100.55% and total cumulative return in cash records $161,666. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,864/mo property income covering a $2,374/mo payment rather than investor’s personal income.
Condo
Built in 1986
5,702 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Charles Thomas • Windermere Prof Partners
Mls Name: NWMLS
Mls ID: #2425656