411 S 59th StreetTacomaWA98408
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 411 S 59th Street, Tacoma, WA, 98408 generates $3,228/mo in rent and, after a $2,442/mo payment, leaves $229/mo in cash flow. Total monthly income is $3,228/mo, and annual cash flow is $2,745/yr on $165,419 invested. Return on cash invested sits at 21.57% in year one, and rental yield is 7.76% 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 111.5% and total cumulative return in cash sums $184,446. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,228/mo property income rather than buyer’s personal income.
Single Family
Built in 1906
5,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98408, Tacoma, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,086 (100%) |
| Owner Occupied HU | 5,364 (66.3%) |
| Renter Occupied HU | 2,429 (30.0%) |
| Vacant Housing Units | 293 ( 3.6%) |
| Median Home Value | $509,715 |
| Average Home Value | $551,139 |
Housing Distribution
Address Breakdown
Residential
7,710
Single Family
6,912
Multi-Family
798
Businesses
325
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jamie Hammontree • Better Properties N. Proctor
Mls Name: NWMLS
Mls ID: #2437590