6105 N 16th Street #N203, Tacoma, WA, 98406 | $470/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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6105 N 16th Street #N203, Tacoma, WA, 98406 | $470/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 6105 N 16th Street #N203, Tacoma, WA, 98406 listed at $279,950 pairs $2,153/mo rent with a $1,370/mo payment to leave $470/mo cash flow. Total monthly income runs $2,153/mo, and annual cash flow reaches $5,645/yr on $92,803 cash to close. Return on cash invested measures 25.99% in year one, and rental yield registers 9.23% at a $279,950 basis. Equity gained on principal adds $1,806/yr, and annual property appreciation at 5% supports $77,345 by year five. Five-year ROI tracks 135.25% and total cumulative return in cash totals $125,513. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,153/mo property income relative to a $1,370/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1977

2,687 sqft lot

$N/A/sqft

No HOA

More details about the property

This updated, move-in ready condo offers a peaceful retreat from daily life. Enjoy a vibrant community with amenities including an outdoor pool, gym, tennis courts & great clubhouse to meet friends. This condo features a beautiful kitchen, updated fixtures, 2 bdrms, living room & slider to deck. The well-maintained buildings & grounds ensure youre free from outdoor chores like mowing & weeding. Located in desirable North Tacoma, it's close to freeways, shopping, Pt. Defiance & the waterfront, with easy access to all the city amenities. With no rental cap, this property is an ideal low-maintenance home or investment opportunity. It's truly a perfect blend of tranquility & urban convenience. Welcome home to your slice of heaven!

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