1705 Dock Street #520TacomaWA98402
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 1705 Dock Street #520, Tacoma, WA, 98402 generates $2,422/mo in rent and, after a $1,322/mo payment, leaves $799/mo in cash flow. Total monthly income is $2,422/mo, and annual cash flow is $9,582/yr on $89,505 invested. Return on cash invested sits at 30.61% in year one, and rental yield is 10.76% on a $270,000 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 160.04% and total cumulative return in cash sums $143,245. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,422/mo property income rather than buyer’s personal income.
Condo
Built in 2002
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cody Molner • Keller Williams Eastside
Mls Name: NWMLS
Mls ID: #2428160