3110 Sylvan Drive W, University Place, WA, 98466 | 4.29% Rental Yield

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3110 Sylvan Drive W, University Place, WA, 98466 | 4.29% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $3,127/mo, and a $4,283/mo payment. Purchase price stands at $875,000, and rental yield measures 4.29% with $3,127/mo rent. Return on cash invested shows 11.17% in year one, and 5% annual appreciation builds toward $241,746 over five years. Five-year ROI reaches 55.69% and total cumulative return in cash records $160,331. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,127/mo property income covering a $4,283/mo payment rather than investor’s personal income.

Single Family

Built in 1963

8,999 sqft lot

$N/A/sqft

No HOA

More details about the property

Built in 1963, this special home, still in the original owner's family, is filled with natural light and warmth. The main floor features a spacious living room, dining area, one bedroom, and bath, as well as a chefs kitchen equipped with a six-burner gas range, double oven, and ample storage. Downstairs, the primary bedroom opens to a sunroom overlooking the lush yard. A family room, bedroom with an ensuite, full bath, and bonus spaces provide room for gathering, creating, or working from home. The spacious deck offers a gorgeous territorial view with the Sound and bridge in the distance. The terraced backyard is full of beauty with fruit trees and garden boxes. Dont miss the greenhouse, art spaces, and RV parking with sewer hookup.

Neighborhood Data

Neighborhood data shown for ZIP Code: 98466, Tacoma, WA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,080 (100%)
Owner Occupied HU	6,636 (50.7%)
Renter Occupied HU	5,815 (44.5%)
Vacant Housing Units	629 ( 4.8%)
Median Home Value	$641,352
Average Home Value	$680,625