3511 S Sheridan AvenueTacomaWA98418
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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 3511 S Sheridan Avenue, Tacoma, WA, 98418 generates $3,932/mo in rent and, after a $2,442/mo payment, leaves $933/mo in cash flow. Total monthly income is $3,932/mo, and annual cash flow is $11,193/yr on $165,419 invested. Return on cash invested sits at 26.68% in year one, and rental yield is 9.46% on a $499,000 entry. Equity gained on principal adds $3,220/yr, while 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 138.89% and total cumulative return in cash sums $229,746. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,932/mo property income rather than buyer’s personal income.
Single Family
Built in 2007
5,066 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98418, Tacoma, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,278 (100%) |
| Owner Occupied HU | 2,532 (59.2%) |
| Renter Occupied HU | 1,536 (35.9%) |
| Vacant Housing Units | 210 ( 4.9%) |
| Median Home Value | $520,107 |
| Average Home Value | $595,419 |
Housing Distribution
Address Breakdown
Residential
4,019
Single Family
3,542
Multi-Family
477
Businesses
180
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Listed by: Lisa Dufresne • James & Associates R.E. Inc.
Mls Name: NWMLS
Mls ID: #2453657