6121 Madrona Drive NETacomaWA98422
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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 6121 Madrona Drive NE, Tacoma, WA, 98422 generates $3,938/mo in rent, after a $6,833/mo payment. Total monthly income is $3,938/mo. Return on cash invested sits at 8.55% in year one, and rental yield is 3.39% on a $1,395,960 entry. Equity gained on principal adds $9,008/yr, while 5% annual appreciation builds toward $385,678 over five years. Five-year ROI reaches 41.61% and total cumulative return in cash sums $188,219. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,938/mo property income rather than buyer’s personal income.
Single Family
Built in 2008
8,973 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98422, Tacoma, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,201 (100%) |
| Owner Occupied HU | 6,169 (75.2%) |
| Renter Occupied HU | 1,808 (22.0%) |
| Vacant Housing Units | 224 ( 2.7%) |
| Median Home Value | $667,258 |
| Average Home Value | $718,966 |
Housing Distribution
Address Breakdown
Residential
7,970
Single Family
7,297
Multi-Family
673
Businesses
107
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Listed by: LuAnn Wild-Schuette • Better Properties Soundview
Mls Name: NWMLS
Mls ID: #2460154