3002 N Warner 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 3002 N Warner Street, Tacoma, WA, 98407 priced at $1,100,000 converts $3,793/mo rent into after a $5,384/mo obligation. Total monthly income equals $3,793/mo. Return on cash invested prints 10.88% in year one, and rental yield reads 4.14% against a $1,100,000 entry. Equity gained on principal adds $7,098/yr, while 5% annual appreciation compiles into $303,910 by year five. Five-year ROI reaches 54.07% and total cumulative return in cash sums $192,715. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,793/mo property income covering a $5,384/mo payment, not borrower’s personal income.
Single Family
Built in 1918
3,001 sqft lot
$N/A/sqft
No HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2025-03-02 | Listed for sale | $1,100,000 |
| 2007-08-17 | Sold | $599,000 |
| 1997-08-29 | Sold | $261,183 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1918
- Architectural Style: N/A
- Building Area: 2,444
- Living Area: 2,444 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Fireplace(s), 90%+ High Efficiency, Radiant
- Cooling: Window Unit(s)
- Flooring: Ceramic Tile, Hardwood, Vinyl
- Interior Features: Bath Off Primary, Dining Room, High Tech Cabling
- Exterior Features: N/A
- Parking Features: Attached Carport, Attached Garage
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Sewer Connected, Company: TPU
- Water Source: Public, Company: TPU
- Road Surface Type: N/A
School Information
- Elementary School: Wash-Hoyt
- Middle School: Mason
- High School: Stadium
Listed by: Heather Redal • BCR LLC
Mls Name: NWMLS
Mls Provider:
Mls ID: #2336464
Disclaimer: Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2025 NWMLS. All rights are reserved. Disclaimer: The information contained in this listing has not been verified by Zillow, Inc. and should be verified by the buyer. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#39)