3302 W Tapps Drive ELake TappsWA98391
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 3302 W Tapps Drive E, Lake Tapps, WA, 98391 in Lake Tapps fits: $750,000, 4.53% gross yield, and a projected 5% annual appreciation rate adding $207,211 in value within five years. Rental yield 4.53%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (0.84) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $6,908/yr in principal paydown and $207,211 in appreciation project a total return of $176,044.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 4.5% | 6.2% |
| Monthly Cash Flow | $(1,675) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,833 |
| Total Monthly Debt Service | $4,210 |
| DSCR Ratio | 0.67x |
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.
Multi Family
Built in 1973
0.36 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
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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
Multi Family
Built in 1973
0.36 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joshua Kumar • Windermere RE/Lake Tapps, Inc
Mls Name: NWMLS
Mls ID: #2403487