8507 51st Street WTacomaWA98467
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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 8507 51st Street W, Tacoma, WA, 98467 uses $216,976 cash to close to unlock $3,103/yr annual cash flow and $259/mo monthly cash flow. Total monthly income runs $4,223/mo, and a $3,228/mo payment keeps the spread at $259/mo. Purchase price stands at $659,500, and rental yield measures 7.68% with $4,223/mo rent. Return on cash invested shows 21.49% in year one, and 5% annual appreciation builds toward $182,208 over five years. Five-year ROI reaches 111.06% and total cumulative return in cash records $240,968. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,223/mo property income covering a $3,228/mo payment rather than investor’s personal income.
Single Family
Built in 1974
9,801 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98467, University Place, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,628 (100%) |
| Owner Occupied HU | 3,750 (56.6%) |
| Renter Occupied HU | 2,700 (40.7%) |
| Vacant Housing Units | 178 ( 2.7%) |
| Median Home Value | $624,257 |
| Average Home Value | $649,724 |
Housing Distribution
Address Breakdown
Residential
6,656
Single Family
4,559
Multi-Family
2,097
Businesses
120
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Listed by: Kay Wohlers • RE/MAX Exclusive
Mls Name: NWMLS
Mls ID: #2421601