5626 S Gove StreetTacomaWA98409
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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 5626 S Gove Street, Tacoma, WA, 98409 priced at $438,000 pairs $2,893/mo rent with $260/mo cash flow after a $2,144/mo payment. Total monthly income equals $2,893/mo, and annual cash flow comes to $3,119/yr on $145,197 invested. Return on cash invested is 22.06% in year one, and rental yield stands at 7.93% on a $438,000 basis. Equity gained on principal adds $2,826/yr, and 5% annual appreciation accumulates to $121,011 by year five. Five-year ROI measures 114.12% and total cumulative return in cash reaches $165,702. For financing, Ziffy Mortgage’s DSCR program evaluates $2,893/mo property income against a $2,144/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1977
7,980 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98409, Tacoma, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,642 (100%) |
| Owner Occupied HU | 4,461 (35.3%) |
| Renter Occupied HU | 7,537 (59.6%) |
| Vacant Housing Units | 644 ( 5.1%) |
| Median Home Value | $466,160 |
| Average Home Value | $547,793 |
Housing Distribution
Address Breakdown
Residential
10,941
Single Family
7,607
Multi-Family
3,334
Businesses
1,573
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Listed by: Greg Fredericksen • Integris Real Estate
Mls Name: NWMLS
Mls ID: #2441159