320 E 32nd Street #105TacomaWA98404
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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 Tacoma at 320 E 32nd Street #105, Tacoma, WA, 98404 generates $2,356/mo in rent and, after a $1,542/mo payment, leaves $462/mo in cash flow. Total monthly income is $2,356/mo, and annual cash flow is $5,547/yr on $104,423 invested. Return on cash invested sits at 25.22% in year one, and rental yield is 8.98% on a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 131.13% and total cumulative return in cash sums $136,925. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,356/mo property income rather than buyer’s personal income.
Condo
Built in 2002
897.34 sqft lot
$N/A/sqft
No 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
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Listed by: Ashley L Mills • Windermere Prof Partners
Mls Name: NWMLS
Mls ID: #2463273