3142 Glendale Drive W, University Place, WA, 98466 | $423/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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3142 Glendale Drive W, University Place, WA, 98466 | $423/mo Cash Flow | 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

Rental property for sale in University Place at 3142 Glendale Drive W, University Place, WA, 98466 generates $3,127/mo in rent and, after a $2,202/mo payment, leaves $423/mo in cash flow. Total monthly income is $3,127/mo, and annual cash flow is $5,071/yr on $149,142 invested. Return on cash invested sits at 23.31% in year one, and rental yield is 8.34% on a $449,900 entry. Equity gained on principal adds $2,903/yr, while 5% annual appreciation builds toward $124,299 over five years. Five-year ROI reaches 120.84% and total cumulative return in cash sums $180,226. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,127/mo property income rather than buyer’s personal income.

Single Family

Built in 1940

7,601 sqft lot

$N/A/sqft

No HOA

More details about the property

Adorable home in the highly desired University Place School district! Don't let the size fool you this home lives large with the huge fully fenced yard with lots of possibilities and Large shop/storage building that could maybe be used as a studio or an ADU. This home sits up high and offers beautiful views of this quiet serene neighborhood and peek a boo views of the sound from the front deck. Tons of parking and a gated driveway. There's even room to add on to the home. Remodeled kitchen, bath and newer appliances just 3 yrs old. Already Inspected and ready for its new owner. New exterior paint as well! What more could you ask for? A 1 yr home Warranty? You got it!

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