617 N Prospect StreetTacomaWA98406
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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
Investment property for sale in Tacoma at 617 N Prospect Street, Tacoma, WA, 98406 offers a 8.65% rental yield on a $440,000 purchase with $3,172/mo rent. Total monthly income registers $3,172/mo, and a $2,154/mo payment leaves $527/mo available for distribution. Annual cash flow reaches $6,320/yr on $145,860 to close, and return on cash invested stands at 24.24% in year one. Equity gained on principal adds $2,839/yr while 5% annual appreciation supports $121,564 over five years. Portfolio math shows five-year ROI at 125.85% and total cumulative return in cash at $183,562. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,172/mo property income against a $2,154/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
3,402 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
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Listed by: Mark A Causey • Keller Williams Realty PS
Mls Name: NWMLS
Mls ID: #2464539