315 317,319 118th Street S #3, Tacoma, WA, 98444 | 2.96% Rental Yield

For Sale

Rental Income

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

Investment property for sale in Tacoma at 315 317,319 118th Street S #3, Tacoma, WA, 98444 offers a 2.96% rental yield on a $1,200,000 purchase with $2,960/mo rent. 24% in year one. Equity gained on principal adds $7,743/yr while 5% annual appreciation supports $331,538 over five years. Portfolio math shows five-year ROI at 34.58% and total cumulative return in cash at $134,459. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,960/mo property income against a $5,873/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Multi Family

Built in 2025

5,000 sqft lot

$N/A/sqft

No HOA

More details about the property

Fantastic investment opportunity!Own this brand-new construction triplex built townhome style.Perfectly situated near colleges & military bases,offering incredible rental income potential w/the benefit of low maintenance new construction.Each unit has modern finishes featuring an open great room w/mini-split AC system,kitchen w/quartz counters,ss appliances,LVP flooring throughout & a deck off the kitchen.Two primary bedrooms w/private baths,1car garage.Individual utility meters make this an ideal rent opportunity-live in one unit/rent the others!Possible for buyer to convert into individual condo units after purchase.A smart investment in a prime,high-demand area,multiple 3-unit & 4-unit buildings available,owner willing to sell one or all

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