4724 97TH Avenue W #3AUniversity 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 4724 97TH Avenue W #3A, University Place, WA, 98466 listed at $349,950 pairs $2,534/mo rent with a $1,713/mo payment to leave $430/mo cash flow. Total monthly income runs $2,534/mo, and annual cash flow reaches $5,163/yr on $116,008 cash to close. Return on cash invested measures 24.36% in year one, and rental yield registers 8.69% at a $349,950 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,685 by year five. Five-year ROI tracks 126.5% and total cumulative return in cash totals $146,746. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,534/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1978
3,606 sqft 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: Anna Khmilevsky • Better Properties Eastside
Mls Name: NWMLS
Mls ID: #2430274