515 120th Street STacomaWA98444
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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 Tacoma at 515 120th Street S, Tacoma, WA, 98444 offers a 9.28% rental yield on a $619,950 purchase with $4,795/mo rent. Total monthly income registers $4,795/mo, and a $3,034/mo payment leaves $952/mo available for distribution. Annual cash flow reaches $11,430/yr on $203,964 to close, and return on cash invested stands at 25.66% in year one. Equity gained on principal adds $4,000/yr while 5% annual appreciation supports $171,281 over five years. Portfolio math shows five-year ROI at 133.69% and total cumulative return in cash at $272,675. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,795/mo property income against a $3,034/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
10,001 sqft lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 98444, Tacoma, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,215 (100%) |
| Owner Occupied HU | 5,967 (42.0%) |
| Renter Occupied HU | 7,620 (53.6%) |
| Vacant Housing Units | 628 ( 4.4%) |
| Median Home Value | $454,879 |
| Average Home Value | $484,650 |
Housing Distribution
Address Breakdown
Residential
13,666
Single Family
9,532
Multi-Family
4,134
Businesses
756
Price History
Date | Event | Price |
|---|---|---|
| 2025-05-29 | Listed for sale | $619,950 |
| 2020-10-09 | Sold | $500,000 |
| 2020-08-15 | Pending sale | $519,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-30 | $6601.01 | 7.38% | $559,800 | 5.23% |
| 2023-05-30 | $6147.37 | 3.31% | $532,000 | -0.69% |
| 2022-05-30 | $5950.36 | 4.02% | $535,700 | 15.83% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1940
- Architectural Style: N/A
- Building Area: 3,325
- Living Area: 3,325 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Fireplace(s), Forced Air
- Cooling: None
- Flooring: Ceramic Tile, Hardwood, Laminate, Carpet
- Interior Features: Ceiling Fan(s), Dining Room, Sauna, Walk-In Pantry
- Exterior Features: N/A
- Parking Features: Driveway, Detached Garage, Off Street, RV Parking
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Sewer Connected, Company: Pierce County Sewer
- Water Source: Public, Company: Parkland Light and Water
- Road Surface Type: N/A
School Information
- Elementary School: Buyer To Verify
- Middle School: Buyer To Verify
- High School: Buyer To Verify
Listed by: Bailey R. Beritich • Keller Williams Realty
Mls Name: NWMLS
Mls Provider:
Mls ID: #2382700
Disclaimer: Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2025 NWMLS. All rights are reserved. Disclaimer: The information contained in this listing has not been verified by Zillow, Inc. and should be verified by the buyer. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#39)