3814 69th Avenue WTacomaWA98466
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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 3814 69th Avenue W, Tacoma, WA, 98466 generates $3,088/mo in rent, after a $2,863/mo payment. Total monthly income is $3,088/mo. Return on cash invested sits at 17.39% in year one, and rental yield is 6.33% on a $585,000 entry. Equity gained on principal adds $3,775/yr, while 5% annual appreciation builds toward $161,625 over five years. Five-year ROI reaches 89.07% and total cumulative return in cash sums $171,426. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,088/mo property income rather than buyer’s personal income.
Condo
Built in 1999
7,575 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98466, Tacoma, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,080 (100%) |
| Owner Occupied HU | 6,636 (50.7%) |
| Renter Occupied HU | 5,815 (44.5%) |
| Vacant Housing Units | 629 ( 4.8%) |
| Median Home Value | $641,352 |
| Average Home Value | $680,625 |
Housing Distribution
Address Breakdown
Residential
12,707
Single Family
8,015
Multi-Family
4,692
Businesses
792
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Listed by: Kristin E. Niebergall • Engel & Voelkers Chambers Bay
Mls Name: NWMLS
Mls ID: #2412496