868 S Mullen StreetTacomaWA98405
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 Tacoma at 868 S Mullen Street, Tacoma, WA, 98405 offers $3,815/mo rent that, after a $2,912/mo payment, leaves $239/mo cash flow. Total monthly income is $3,815/mo, and annual cash flow is $2,863/yr on $195,755 cash. Return on cash invested measures 21.52% in year one, and rental yield stands at 7.69% at a $595,000 entry. Equity gained on principal adds $3,839/yr while 5% annual appreciation compounds into $164,388 by year five. Five-year ROI records 111.24% and total cumulative return in cash reaches $217,754. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,815/mo property income versus a $2,912/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
7,840 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Regina Madiera-Gorden • Windermere RE West Campus Inc
Mls Name: NWMLS
Mls ID: #2425939