3002 S 7th StTacomaWA98405
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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 S 7th St, Tacoma, WA, 98405 generates $2,068/mo in rent, after a $2,007/mo payment. Total monthly income is $2,068/mo. Return on cash invested sits at 16.41% in year one, and rental yield is 6.05% on a $409,950 entry. Equity gained on principal adds $2,645/yr, while 5% annual appreciation builds toward $113,262 over five years. Five-year ROI reaches 83.84% and total cumulative return in cash sums $113,936. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,068/mo property income rather than buyer’s personal income.
Single Family
Built in 1939
3,249 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98405, Tacoma, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,817 (100%) |
| Owner Occupied HU | 4,859 (37.9%) |
| Renter Occupied HU | 7,052 (55.0%) |
| Vacant Housing Units | 906 ( 7.1%) |
| Median Home Value | $552,735 |
| Average Home Value | $608,483 |
Housing Distribution
Address Breakdown
Residential
11,258
Single Family
7,589
Multi-Family
3,669
Businesses
720
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Listed by: Elicia A Thoday • eXp Realty
Mls Name: NWMLS
Mls ID: #2457046