3901 N 37thTacomaWA98407
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3901 N 37th, Tacoma, WA, 98407 generates $5,147/mo in rent, after a $6,603/mo payment. Total monthly income is $5,147/mo. Return on cash invested sits at 12.24% in year one, and rental yield is 4.58% on a $1,349,000 entry. Equity gained on principal adds $8,705/yr, while 5% annual appreciation builds toward $372,704 over five years. Five-year ROI reaches 61.36% and total cumulative return in cash sums $268,203. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,147/mo property income rather than buyer’s personal income.
Single Family
Built in 1942
7,139 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98407, Tacoma, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,519 (100%) |
| Owner Occupied HU | 6,796 (64.6%) |
| Renter Occupied HU | 3,306 (31.4%) |
| Vacant Housing Units | 417 ( 4.0%) |
| Median Home Value | $683,531 |
| Average Home Value | $750,872 |
Housing Distribution
Address Breakdown
Residential
10,588
Single Family
7,800
Multi-Family
2,788
Businesses
285
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marquelle Butler • John L. Scott R.E.Tacoma North
Mls Name: NWMLS
Mls ID: #2430855