515 S 46th StreetTacomaWA98418
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
Investment Highlights
Investment property for sale in Tacoma at 515 S 46th Street, Tacoma, WA, 98418 listed at $450,000 pairs $3,474/mo rent with a $2,203/mo payment to leave $769/mo cash flow. Total monthly income runs $3,474/mo, and annual cash flow reaches $9,222/yr on $149,175 cash to close. Return on cash invested measures 26.09% in year one, and rental yield registers 9.26% at a $450,000 basis. Equity gained on principal adds $2,904/yr, and annual property appreciation at 5% supports $124,327 by year five. Five-year ROI tracks 135.77% and total cumulative return in cash totals $202,530. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,474/mo property income relative to a $2,203/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1914
3,550 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98418, Tacoma, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,278 (100%) |
| Owner Occupied HU | 2,532 (59.2%) |
| Renter Occupied HU | 1,536 (35.9%) |
| Vacant Housing Units | 210 ( 4.9%) |
| Median Home Value | $520,107 |
| Average Home Value | $595,419 |
Housing Distribution
Address Breakdown
Residential
4,019
Single Family
3,542
Multi-Family
477
Businesses
180
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bethany Jones • Windermere Prof Partners
Mls Name: NWMLS
Mls ID: #2457044