621 N Pine 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
Rental property for sale in Tacoma at 621 N Pine Street, Tacoma, WA, 98406 priced at $599,000 pairs $2,336/mo rent with after a $2,932/mo payment. Total monthly income equals $2,336/mo. Return on cash invested is 12.36% in year one, and rental yield stands at 4.68% on a $599,000 basis. Equity gained on principal adds $3,865/yr, and 5% annual appreciation accumulates to $165,493 by year five. Five-year ROI measures 62.1% and total cumulative return in cash reaches $122,386. For financing, Ziffy Mortgage’s DSCR program evaluates $2,336/mo property income against a $2,932/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1911
3,750 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: Patrick W. Mercado • PropertiesNW of Gig Harbor Ltd
Mls Name: NWMLS
Mls ID: #2432775