3008 N Narrows Drive #B303TacomaWA98407
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
Investment property for sale in Tacoma at 3008 N Narrows Drive #B303, Tacoma, WA, 98407 listed at $330,000 pairs $2,146/mo rent with a $1,615/mo payment. Total monthly income runs $2,146/mo. Return on cash invested measures 17.53% in year one, and rental yield registers 7.8% at a $330,000 basis. Equity gained on principal adds $2,129/yr, and annual property appreciation at 5% supports $91,173 by year five. Five-year ROI tracks 91.4% and total cumulative return in cash totals $99,983. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,146/mo property income relative to a $1,615/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1990
3,946 sqft lot
$N/A/sqft
$355 monthly 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: Savannah A. Parker • Abbey Realty Inc
Mls Name: NWMLS
Mls Provider:
Mls ID: #2235431
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-27 23:29:29 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#39)