609 N Oakes Street UNIT BTacomaWA98406
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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 609 N Oakes Street UNIT B, Tacoma, WA, 98406 priced at $399,950 pairs $2,958/mo rent with $484/mo cash flow after a $1,958/mo payment. Total monthly income equals $2,958/mo, and annual cash flow comes to $5,814/yr on $132,583 invested. Return on cash invested is 24.29% in year one, and rental yield stands at 8.88% on a $399,950 basis. Equity gained on principal adds $2,581/yr, and 5% annual appreciation accumulates to $110,499 by year five. Five-year ROI measures 126.37% and total cumulative return in cash reaches $167,544. For financing, Ziffy Mortgage’s DSCR program evaluates $2,958/mo property income against a $1,958/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2005
814.57 sqft lot
$N/A/sqft
$827 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98406, Tacoma, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,187 (100%) |
| Owner Occupied HU | 6,113 (60.0%) |
| Renter Occupied HU | 3,593 (35.3%) |
| Vacant Housing Units | 481 ( 4.7%) |
| Median Home Value | $642,109 |
| Average Home Value | $673,204 |
Housing Distribution
Address Breakdown
Residential
10,184
Single Family
7,544
Multi-Family
2,640
Businesses
464
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Listed by: Joshua D. Hall • John L. Scott, Inc
Mls Name: NWMLS
Mls Provider:
Mls ID: #2286476
Disclaimer: Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2024. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2024 NWMLS. All rights are reserved. Disclaimer: The information contained in this listing has not been verified by Zillow, Inc. and should be verified by the buyer. Some IDX listings have been excluded from this website.