5959 S 12th Street #138TacomaWA98465
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 9.19% yield at 5959 S 12th Street #138, Tacoma, WA, 98465 in Tacoma is solid, but the $1,844/mo payment compresses net cash flow to $129/mo at $410,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $113,275 by year five, and $3,776/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.70) without U.S. income documentation. Total projected return: $198,569.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 5.2% |
| Monthly Cash Flow | $129 | $285 |
City averages based on Tacoma market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,139 |
| Total Monthly Debt Service | $2,301 |
| DSCR Ratio | 1.36x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 1975
3,336 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98465, Tacoma, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,254 (100%) |
| Owner Occupied HU | 1,818 (42.7%) |
| Renter Occupied HU | 2,044 (48.0%) |
| Vacant Housing Units | 392 ( 9.2%) |
| Median Home Value | $647,666 |
| Average Home Value | $711,863 |
Housing Distribution
Address Breakdown
Residential
3,562
Single Family
1,953
Multi-Family
1,609
Businesses
91
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
Townhouse
Built in 1975
3,336 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98465, Tacoma, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,254 (100%) |
| Owner Occupied HU | 1,818 (42.7%) |
| Renter Occupied HU | 2,044 (48.0%) |
| Vacant Housing Units | 392 ( 9.2%) |
| Median Home Value | $647,666 |
| Average Home Value | $711,863 |
Housing Distribution
Address Breakdown
Residential
3,562
Single Family
1,953
Multi-Family
1,609
Businesses
91
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: NWMLS as distributed by MLS GRID
Mls ID: #2464249