1515 Dock Street #613TacomaWA98402
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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 1515 Dock Street #613, Tacoma, WA, 98402 offers a 5.21% rental yield on a $735,000 purchase with $3,194/mo rent. 99% in year one. Equity gained on principal adds $4,743/yr while 5% annual appreciation supports $203,067 over five years. Portfolio math shows five-year ROI at 70.82% and total cumulative return in cash at $171,264. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,194/mo property income against a $3,597/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2008
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98402, Tacoma, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,421 (100%) |
| Owner Occupied HU | 388 ( 7.2%) |
| Renter Occupied HU | 4,085 (75.4%) |
| Vacant Housing Units | 948 (17.5%) |
| Median Home Value | $587,248 |
| Average Home Value | $633,022 |
Housing Distribution
Address Breakdown
Residential
5,028
Single Family
1,034
Multi-Family
3,994
Businesses
1,122
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Listed by: Karen Kostner • Great West Real Estate
Mls Name: NWMLS
Mls ID: #2413659