408 N MeridianPuyallupWA98371
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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 Puyallup at 408 N Meridian, Puyallup, WA, 98371 priced at $1,150,000 converts $2,088/mo rent into after a $5,629/mo obligation. Total monthly income equals $2,088/mo. Return on cash invested prints 4.83% in year one, and rental yield reads 2.18% against a $1,150,000 entry. Equity gained on principal adds $7,421/yr, while 5% annual appreciation compiles into $317,724 by year five. Five-year ROI reaches 21.64% and total cumulative return in cash sums $80,637. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,088/mo property income covering a $5,629/mo payment, not borrower’s personal income.
Multi Family
Built in 1900
5,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98371, Puyallup, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,873 (100%) |
| Owner Occupied HU | 6,958 (70.5%) |
| Renter Occupied HU | 2,418 (24.5%) |
| Vacant Housing Units | 497 ( 5.0%) |
| Median Home Value | $616,785 |
| Average Home Value | $636,899 |
Housing Distribution
Address Breakdown
Residential
10,501
Single Family
9,516
Multi-Family
985
Businesses
895
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Listed by: Tyler J. Bretz • Urban Commercial Partners, LLC
Mls Name: NWMLS
Mls ID: #2387690