3142 Glendale Drive WUniversity PlaceWA98466
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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 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
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 |
Housing Distribution
Address Breakdown
Residential
12,707
Single Family
8,015
Multi-Family
4,692
Businesses
792
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Listed by: Danielle Laybourn • Hawkins Poe
Mls Name: NWMLS
Mls ID: #2421095