609 Cherry Street ETacomaWA98445
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 609 Cherry Street E, Tacoma, WA, 98445 listed at $534,950 pairs $3,448/mo rent with a $2,618/mo payment to leave $145/mo cash flow. Total monthly income runs $3,448/mo, and annual cash flow reaches $1,744/yr on $175,999 cash to close. Return on cash invested measures 21.05% in year one, and rental yield registers 7.73% at a $534,950 basis. Equity gained on principal adds $3,452/yr, and annual property appreciation at 5% supports $147,797 by year five. Five-year ROI tracks 108.94% and total cumulative return in cash totals $191,725. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,448/mo property income relative to a $2,618/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1995
9,988 sqft lot
$N/A/sqft
$325 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98445, Tacoma, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,846 (100%) |
| Owner Occupied HU | 8,360 (65.1%) |
| Renter Occupied HU | 4,046 (31.5%) |
| Vacant Housing Units | 440 ( 3.4%) |
| Median Home Value | $501,412 |
| Average Home Value | $537,717 |
Housing Distribution
Address Breakdown
Residential
11,723
Single Family
10,782
Multi-Family
941
Businesses
231
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brian Alarcon • Keller Williams Realty
Mls Name: NWMLS
Mls Provider:
Mls ID: #2395377
Disclaimer: Based on information submitted to the MLS GRID as of 2025-11-03 21:04:46 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#39)