1705 Dock Street #531, Tacoma, WA, 98402 | $422/mo Cash Flow

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1705 Dock Street #531, Tacoma, WA, 98402 | $422/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Tacoma at 1705 Dock Street #531, Tacoma, WA, 98402 offers a 9.02% rental yield on a $280,000 purchase with $2,105/mo rent. Total monthly income registers $2,105/mo, and a $1,370/mo payment leaves $422/mo available for distribution. Annual cash flow reaches $5,068/yr on $92,820 to close, and return on cash invested stands at 25.37% in year one. Equity gained on principal adds $1,807/yr while 5% annual appreciation supports $77,359 over five years. Portfolio math shows five-year ROI at 131.93% and total cumulative return in cash at $122,457. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,105/mo property income against a $1,370/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 2002

313.63 sqft lot

$N/A/sqft

No HOA

More details about the property

Theas Landing Penthouse in downtown Tacomas Premier waterfront living, just minutes from Point Ruston. An exceptional 1 bed/1 bath residence designed for your convenience. Enjoy secure entry & 1 reserved garage parking space, vaulted ceilings, bright light floor to ceiling windows & private balcony w/views of the waterway. Pet friendly, building offers a gym, cardio rm, sauna, game rm, business center, pet wash/grooming rm, common area kitchen for entertaining, outdoor built-in BBqs & fire pit. Enjoy leisurely strolls along Thea Foss waterway admiring yachts & sail boats, minutes from world class Museums, Parks, Restaurants, Boutiques, Broadway Shows, Tacoma Symphony, Coffee Houses, UW Campus & JBLM *SELLER BONUS: 2 Paid months 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