7117 40th Street W #18University 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
Investment property for sale in University Place at 7117 40th Street W #18, University Place, WA, 98466 offers a 6.93% rental yield on a $467,500 purchase with $2,698/mo rent. 04% in year one. Equity gained on principal adds $3,017/yr while 5% annual appreciation supports $129,162 over five years. Portfolio math shows five-year ROI at 97.94% and total cumulative return in cash at $151,780. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,698/mo property income against a $2,288/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1978
9,670 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: Lawrence D. Tuell • RE/MAX Northwest
Mls Name: NWMLS
Mls ID: #2460571