738 3RD Avenue NEPacificWA98047
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Nearby investment properties with comparable prices
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 Pacific at 738 3RD Avenue NE, Pacific, WA, 98047 offers a 7.02% rental yield on a $517,500 purchase with $3,028/mo rent. 48% in year one. Equity gained on principal adds $3,339/yr while 5% annual appreciation supports $142,976 over five years. Portfolio math shows five-year ROI at 100.28% and total cumulative return in cash at $170,730. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,028/mo property income against a $2,533/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
9,448 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98047, Pacific, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,384 (100%) |
| Owner Occupied HU | 1,361 (57.1%) |
| Renter Occupied HU | 960 (40.3%) |
| Vacant Housing Units | 63 ( 2.6%) |
| Median Home Value | $524,893 |
| Average Home Value | $605,044 |
Housing Distribution
Address Breakdown
Residential
2,359
Single Family
2,358
Multi-Family
1
Businesses
180
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Listed by: Kevin Knoben • Engel & Voelkers North Tacoma
Mls Name: NWMLS
Mls ID: #2436980