626 S 23rd StreetTacomaWA98405
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 626 S 23rd Street, Tacoma, WA, 98405 in Tacoma earns a 9.44% gross yield at $418,888. Rent of $3,296/mo nets $333/mo after the $1,884/mo mortgage. The 1.75 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $115,731 and $3,858/yr in equity accumulation project a total cumulative return of $181,820.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 5.2% |
| Monthly Cash Flow | $333 | $285 |
City averages based on Tacoma market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,296 |
| Total Monthly Debt Service | $2,797 |
| DSCR Ratio | 1.18x |
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.
Townhouse
Built in 2011
1,197 sqft lot
$N/A/sqft
$375 monthly 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
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
Townhouse
Built in 2011
1,197 sqft lot
$N/A/sqft
$375 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices