616 N JunettTacomaWA98406
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderInvestors who treat current yield as secondary to long-run equity growth will find 616 N Junett, Tacoma, WA, 98406 in Tacoma worth modelling. At $545,000 with a 7.3% gross yield, the $3,314/mo rent leaves $38/mo after the $2,451/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.35 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $150,573 by year five; $5,020/yr in principal reduction adds further equity. Total projected return: $208,676.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.3% | 5.2% |
| Monthly Cash Flow | $38 | $285 |
City averages based on Tacoma market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,314 |
| Total Monthly Debt Service | $3,059 |
| DSCR Ratio | 1.08x |
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.
Single Family
Built in 1924
3,001 sqft lot
$N/A/sqft
No 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
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
Single Family
Built in 1924
3,001 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Summer Wilborn • Better Properties N. Proctor
Mls Name: NWMLS
Mls ID: #2426932