6105 N 16th Street #N103TacomaWA98406
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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 6105 N 16th Street #N103, Tacoma, WA, 98406 uses $89,174 cash to close to unlock $7,951/yr annual cash flow and $663/mo monthly cash flow. Total monthly income runs $2,280/mo, and a $1,317/mo payment keeps the spread at $663/mo. Purchase price stands at $269,000, and rental yield measures 10.17% with $2,280/mo rent. Return on cash invested shows 28.83% in year one, and 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 150.43% and total cumulative return in cash records $134,147. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,280/mo property income covering a $1,317/mo payment rather than investor’s personal income.
Condo
Built in 1977
2,687 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98406, Tacoma, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,187 (100%) |
| Owner Occupied HU | 6,113 (60.0%) |
| Renter Occupied HU | 3,593 (35.3%) |
| Vacant Housing Units | 481 ( 4.7%) |
| Median Home Value | $642,109 |
| Average Home Value | $673,204 |
Housing Distribution
Address Breakdown
Residential
10,184
Single Family
7,544
Multi-Family
2,640
Businesses
464
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Listed by: Dale Chhen • CENTURY 21 North Homes Realty
Mls Name: NWMLS
Mls ID: #2415338