618 S 15thTacomaWA98405
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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 618 S 15th, Tacoma, WA, 98405 earns from $3,235/mo rent with a $2,687/mo payment. Total monthly income totals $3,235/mo. ROI tracks 19.63% on current figures, and rental yield reads 7.07% at a $549,000 purchase. Equity gained on principal adds $3,543/yr, and 5% annual appreciation supports $151,679 over five years. Five-year ROI reaches 101.06% and total cumulative return in cash sums $182,528. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,235/mo property income instead of your personal income.
Single Family
Built in 1900
2,317 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98405, Tacoma, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,817 (100%) |
| Owner Occupied HU | 4,859 (37.9%) |
| Renter Occupied HU | 7,052 (55.0%) |
| Vacant Housing Units | 906 ( 7.1%) |
| Median Home Value | $552,735 |
| Average Home Value | $608,483 |
Housing Distribution
Address Breakdown
Residential
11,258
Single Family
7,589
Multi-Family
3,669
Businesses
720
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Listed by: Luke Bentson • Engel & Voelkers Chambers Bay
Mls Name: NWMLS
Mls ID: #2421104