814 5th StreetSteilacoomWA98388
Nearby investment properties with comparable rents
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
Rental property for sale in Steilacoom at 814 5th Street, Steilacoom, WA, 98388 priced at $1,800,000 pairs $2,706/mo rent with after a $8,810/mo payment. Total monthly income equals $2,706/mo. Return on cash invested is 3.67% in year one, and rental yield stands at 1.8% on a $1,800,000 basis. Equity gained on principal adds $11,615/yr, and 5% annual appreciation accumulates to $497,307 by year five. Five-year ROI measures 15.44% and total cumulative return in cash reaches $90,059. For financing, Ziffy Mortgage’s DSCR program evaluates $2,706/mo property income against a $8,810/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1970
6,782 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98388, Steilacoom, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,972 (100%) |
| Owner Occupied HU | 1,923 (64.7%) |
| Renter Occupied HU | 926 (31.2%) |
| Vacant Housing Units | 123 ( 4.1%) |
| Median Home Value | $664,681 |
| Average Home Value | $722,841 |
Housing Distribution
Address Breakdown
Residential
2,850
Single Family
2,366
Multi-Family
484
Businesses
113
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Listed by: Lacey Casciato • Olympic Sotheby's Int'l Realty
Mls Name: NWMLS
Mls ID: #2452213