4501 Grandview Drive W #T-105University PlaceWA98466
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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
Investment property for sale in University Place at 4501 Grandview Drive W #T-105, University Place, WA, 98466 earns $143/mo cash flow from $1,435/mo rent with a $1,052/mo payment. Total monthly income totals $1,435/mo, and annual cash flow totals $1,715/yr on $71,273 capital. ROI tracks 22.32% on current figures, and rental yield reads 8.01% at a $215,000 purchase. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,401 over five years. Five-year ROI reaches 115.5% and total cumulative return in cash sums $82,321. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,435/mo property income instead of your personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98466, Tacoma, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,080 (100%) |
| Owner Occupied HU | 6,636 (50.7%) |
| Renter Occupied HU | 5,815 (44.5%) |
| Vacant Housing Units | 629 ( 4.8%) |
| Median Home Value | $641,352 |
| Average Home Value | $680,625 |
Housing Distribution
Address Breakdown
Residential
12,707
Single Family
8,015
Multi-Family
4,692
Businesses
792
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Listed by: Crist Granum • John L. Scott Vashon
Mls Name: NWMLS
Mls ID: #2459722