4119 N 22nd Street, Tacoma, WA, 98406 | 5.29% Rental Yield

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4119 N 22nd Street, Tacoma, WA, 98406 | 5.29% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $2,359/mo, and a $2,619/mo payment. Purchase price stands at $535,000, and rental yield measures 5.29% with $2,359/mo rent. Return on cash invested shows 14.21% in year one, and 5% annual appreciation builds toward $147,811 over five years. Five-year ROI reaches 72.04% and total cumulative return in cash records $126,808. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,359/mo property income covering a $2,619/mo payment rather than investor’s personal income.

Single Family

Built in 1941

5,401 sqft lot

$N/A/sqft

No HOA

More details about the property

Beautifully updated craftsman delivers modern living with the character. Step inside to find brand-new LVP flooring, fresh carpet, and upgraded millwork and doors throughout. The kitchen has been completely reimagined with soft-close cabinets, quartz countertops, under-cabinet lighting, and stainless steel appliances. The bathroom features a custom tile shower and a modern vanity for a polished finish. Outside, youll find a large lot with alley access, offering DADU potential for future income or guest space. Situated in North Ends coveted Proctor District, just blocks from shops, restaurants, and farmers market, plus UPS, Ruston Way waterfront, and Point Defiance Park only minutes away, this is North Tacoma living at its best.

Neighborhood Data

Neighborhood data shown for ZIP Code: 98406, Tacoma, WA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,187 (100%)
Owner Occupied HU	6,113 (60.0%)
Renter Occupied HU	3,593 (35.3%)
Vacant Housing Units	481 ( 4.7%)
Median Home Value	$642,109
Average Home Value	$673,204