304 118th Street S #4TacomaWA98444
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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
Investment property for sale in Tacoma at 304 118th Street S #4, Tacoma, WA, 98444 listed at $1,600,000 pairs $3,090/mo rent with a $7,831/mo payment. Total monthly income runs $3,090/mo. Return on cash invested measures 5.26% in year one, and rental yield registers 2.32% at a $1,600,000 basis. Equity gained on principal adds $10,325/yr, and annual property appreciation at 5% supports $442,051 by year five. Five-year ROI tracks 23.95% and total cumulative return in cash totals $124,155. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,090/mo property income relative to a $7,831/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 2025
6,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98444, Tacoma, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,215 (100%) |
| Owner Occupied HU | 5,967 (42.0%) |
| Renter Occupied HU | 7,620 (53.6%) |
| Vacant Housing Units | 628 ( 4.4%) |
| Median Home Value | $454,879 |
| Average Home Value | $484,650 |
Housing Distribution
Address Breakdown
Residential
13,666
Single Family
9,532
Multi-Family
4,134
Businesses
756
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Listed by: Shelly Hallsted • Keller Williams Rty Tacoma
Mls Name: NWMLS
Mls ID: #2445343