723 S L StreetTacomaWA98405
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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 723 S L Street, Tacoma, WA, 98405 priced at $515,000 pairs $3,352/mo rent with $256/mo cash flow after a $2,521/mo payment. Total monthly income equals $3,352/mo, and annual cash flow comes to $3,071/yr on $169,435 invested. Return on cash invested is 21.87% in year one, and rental yield stands at 7.81% on a $515,000 basis. Equity gained on principal adds $3,323/yr, and 5% annual appreciation accumulates to $142,285 by year five. Five-year ROI measures 113.09% and total cumulative return in cash reaches $191,617. For financing, Ziffy Mortgage’s DSCR program evaluates $3,352/mo property income against a $2,521/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1904
6,499 sqft lot
$N/A/sqft
No 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
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Listed by: Anders Ibsen • Windermere Prof Partners
Mls Name: NWMLS
Mls ID: #2397676