4308 118th Street ETacomaWA98446
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingCapital preservation and steady income define 4308 118th Street E, Tacoma, WA, 98446 in Tacoma. Rental yield 6.32%. The 1.17 coverage passes Ziffy Mortgage's DSCR threshold for non-U.S. residents. Five-year appreciation of $216,881 and $7,230/yr in principal reduction project total return of $245,954.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.3% | 5.2% |
| Monthly Cash Flow | $(809) | $285 |
City averages based on Tacoma market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,136 |
| Total Monthly Debt Service | $4,633 |
| DSCR Ratio | 0.89x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1937
6.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98446, Tacoma, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,985 (100%) |
| Owner Occupied HU | 3,206 (64.3%) |
| Renter Occupied HU | 1,631 (32.7%) |
| Vacant Housing Units | 148 ( 3.0%) |
| Median Home Value | $549,058 |
| Average Home Value | $595,935 |
Housing Distribution
Address Breakdown
Residential
5,093
Single Family
4,304
Multi-Family
789
Businesses
110
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
Single Family
Built in 1937
6.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98446, Tacoma, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,985 (100%) |
| Owner Occupied HU | 3,206 (64.3%) |
| Renter Occupied HU | 1,631 (32.7%) |
| Vacant Housing Units | 148 ( 3.0%) |
| Median Home Value | $549,058 |
| Average Home Value | $595,935 |
Housing Distribution
Address Breakdown
Residential
5,093
Single Family
4,304
Multi-Family
789
Businesses
110
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marcela Hoag • Pellego, Inc.
Mls Name: NWMLS
Mls Provider:
Mls ID: #2391853
Disclaimer: Based on information submitted to the MLS GRID as of 2025-11-01 21:24:46 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#39)