6910 38th Street Ct WUniversity PlaceWA98466
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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 University Place at 6910 38th Street Ct W, University Place, WA, 98466 generates $3,233/mo in rent, after a $3,426/mo payment. Total monthly income is $3,233/mo. Return on cash invested sits at 14.98% in year one, and rental yield is 5.54% on a $699,995 entry. Equity gained on principal adds $4,517/yr, while 5% annual appreciation builds toward $193,396 over five years. Five-year ROI reaches 76.15% and total cumulative return in cash sums $175,382. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,233/mo property income rather than buyer’s personal income.
Condo
Built in 1999
7,575 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98466, Tacoma, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,080 (100%) |
| Owner Occupied HU | 6,636 (50.7%) |
| Renter Occupied HU | 5,815 (44.5%) |
| Vacant Housing Units | 629 ( 4.8%) |
| Median Home Value | $641,352 |
| Average Home Value | $680,625 |
Housing Distribution
Address Breakdown
Residential
12,707
Single Family
8,015
Multi-Family
4,692
Businesses
792
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Listed by: J Michael Drake • Coldwell Banker Danforth
Mls Name: NWMLS
Mls ID: #2457011