5605 64th Avenue WTacomaWA98467
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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
Rental property for sale in Tacoma at 5605 64th Avenue W, Tacoma, WA, 98467 generates $4,507/mo in rent, after a $4,160/mo payment. Total monthly income is $4,507/mo. Return on cash invested sits at 17.48% in year one, and rental yield is 6.36% on a $850,000 entry. Equity gained on principal adds $5,485/yr, while 5% annual appreciation builds toward $234,839 over five years. Five-year ROI reaches 89.52% and total cumulative return in cash sums $250,354. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,507/mo property income rather than buyer’s personal income.
Single Family
Built in 1994
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98467, University Place, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,628 (100%) |
| Owner Occupied HU | 3,750 (56.6%) |
| Renter Occupied HU | 2,700 (40.7%) |
| Vacant Housing Units | 178 ( 2.7%) |
| Median Home Value | $624,257 |
| Average Home Value | $649,724 |
Housing Distribution
Address Breakdown
Residential
6,656
Single Family
4,559
Multi-Family
2,097
Businesses
120
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Listed by: Andre Bohall • Timber Real Estate
Mls Name: NWMLS
Mls ID: #2437433