3841 S Park 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
Total monthly income runs $2,178/mo, and a $5,139/mo payment. Purchase price stands at $1,050,000, and rental yield measures 2.49% with $2,178/mo rent. Return on cash invested shows 5.79% in year one, and 5% annual appreciation builds toward $290,096 over five years. Five-year ROI reaches 26.79% and total cumulative return in cash records $91,145. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,178/mo property income covering a $5,139/mo payment rather than investor’s personal income.
Multi Family
Built in 1950
9,583 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: Gabe Blake • Blake Investment Advisors
Mls Name: NWMLS
Mls ID: #2446398