6424 S Alder StreetTacomaWA98409
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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 6424 S Alder Street, Tacoma, WA, 98409 uses $145,860 cash to close to unlock $2,576/yr annual cash flow and $215/mo monthly cash flow. Total monthly income runs $2,860/mo, and a $2,154/mo payment keeps the spread at $215/mo. Purchase price stands at $440,000, and rental yield measures 7.8% with $2,860/mo rent. Return on cash invested shows 21.68% in year one, and 5% annual appreciation builds toward $121,564 over five years. Five-year ROI reaches 112.08% and total cumulative return in cash records $163,486. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,860/mo property income covering a $2,154/mo payment rather than investor’s personal income.
Single Family
Built in 1988
5,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98409, Tacoma, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,642 (100%) |
| Owner Occupied HU | 4,461 (35.3%) |
| Renter Occupied HU | 7,537 (59.6%) |
| Vacant Housing Units | 644 ( 5.1%) |
| Median Home Value | $466,160 |
| Average Home Value | $547,793 |
Housing Distribution
Address Breakdown
Residential
10,941
Single Family
7,607
Multi-Family
3,334
Businesses
1,573
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Listed by: Carrie Lee Jakeman Swafford • Park 52, Inc.
Mls Name: NWMLS
Mls ID: #2423538