3510 S 40th Street #1-3TacomaWA98409
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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
Investment property for sale in Tacoma at 3510 S 40th Street #1-3, Tacoma, WA, 98409 offers a 5.93% rental yield on a $574,950 purchase with $2,839/mo rent. 15% in year one. Equity gained on principal adds $3,710/yr while 5% annual appreciation supports $158,848 over five years. Portfolio math shows five-year ROI at 82.39% and total cumulative return in cash at $155,839. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,839/mo property income against a $2,814/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1988
4,870 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98409, Tacoma, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,642 (100%) |
| Owner Occupied HU | 4,461 (35.3%) |
| Renter Occupied HU | 7,537 (59.6%) |
| Vacant Housing Units | 644 ( 5.1%) |
| Median Home Value | $466,160 |
| Average Home Value | $547,793 |
Housing Distribution
Address Breakdown
Residential
10,941
Single Family
7,607
Multi-Family
3,334
Businesses
1,573
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Listed by: Ronald Dudley • Theory Real Estate
Mls Name: NWMLS
Mls ID: #2410056