320 E 32nd St Street UNIT 101TacomaWA98404
INVESTMENT ANALYSIS
Investment Verdict
Solid Income320 E 32nd St Street UNIT 101, Tacoma, WA, 98404 in Tacoma carries a 1.51 coverage ratio, rent of $3,152/mo is 1.51 times the $2,091/mo payment. Rental yield 8.14%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $464,999 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $128,471; total projected cumulative return: $164,610.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 5.2% |
| Monthly Cash Flow | $(215) | $285 |
City averages based on Tacoma market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,152 |
| Total Monthly Debt Service | $3,182 |
| DSCR Ratio | 0.99x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2002
1,206 sqft lot
$N/A/sqft
$559 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98404, Tacoma, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,577 (100%) |
| Owner Occupied HU | 7,615 (60.5%) |
| Renter Occupied HU | 4,516 (35.9%) |
| Vacant Housing Units | 446 ( 3.5%) |
| Median Home Value | $493,245 |
| Average Home Value | $530,997 |
Housing Distribution
Address Breakdown
Residential
11,898
Single Family
10,846
Multi-Family
1,052
Businesses
328
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2002
1,206 sqft lot
$N/A/sqft
$559 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98404, Tacoma, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,577 (100%) |
| Owner Occupied HU | 7,615 (60.5%) |
| Renter Occupied HU | 4,516 (35.9%) |
| Vacant Housing Units | 446 ( 3.5%) |
| Median Home Value | $493,245 |
| Average Home Value | $530,997 |
Housing Distribution
Address Breakdown
Residential
11,898
Single Family
10,846
Multi-Family
1,052
Businesses
328
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices