7315 N Skyview Lane #L-101TacomaWA98406
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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 7315 N Skyview Lane #L-101, Tacoma, WA, 98406 uses $102,765 cash to close to unlock $8,410/yr annual cash flow and $701/mo monthly cash flow. Total monthly income runs $2,564/mo, and a $1,517/mo payment keeps the spread at $701/mo. Purchase price stands at $310,000, and rental yield measures 9.93% with $2,564/mo rent. Return on cash invested shows 28.09% in year one, and 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 146.5% and total cumulative return in cash records $150,547. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,564/mo property income covering a $1,517/mo payment rather than investor’s personal income.
Condo
Built in 1981
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98406, Tacoma, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,187 (100%) |
| Owner Occupied HU | 6,113 (60.0%) |
| Renter Occupied HU | 3,593 (35.3%) |
| Vacant Housing Units | 481 ( 4.7%) |
| Median Home Value | $642,109 |
| Average Home Value | $673,204 |
Housing Distribution
Address Breakdown
Residential
10,184
Single Family
7,544
Multi-Family
2,640
Businesses
464
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Listed by: Heather Redal • BCR LLC
Mls Name: NWMLS
Mls ID: #2464634