2908 N Lawrence StreetTacomaWA98407
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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 2908 N Lawrence Street, Tacoma, WA, 98407 generates $4,200/mo in rent, after a $4,007/mo payment. Total monthly income is $4,200/mo. Return on cash invested sits at 16.85% in year one, and rental yield is 6.16% on a $818,700 entry. Equity gained on principal adds $5,283/yr, while 5% annual appreciation builds toward $226,192 over five years. Five-year ROI reaches 86.15% and total cumulative return in cash sums $232,055. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,200/mo property income rather than buyer’s personal income.
Single Family
Built in 1917
1,851 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: Rosemary Hollinger • WeLakeside
Mls Name: NWMLS
Mls ID: #2453687