6123 N 16th Street #K101TacomaWA98406
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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 6123 N 16th Street #K101, Tacoma, WA, 98406 earns $235/mo cash flow from $2,129/mo rent with a $1,542/mo payment. Total monthly income totals $2,129/mo, and annual cash flow totals $2,823/yr on $104,423 capital. ROI tracks 22.61% on current figures, and rental yield reads 8.11% at a $315,000 purchase. Equity gained on principal adds $2,033/yr, and 5% annual appreciation supports $87,029 over five years. Five-year ROI reaches 117.14% and total cumulative return in cash sums $122,321. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,129/mo property income instead of your personal income.
Townhouse
Built in 1977
3,881 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: Lindsey Rice • eXp Realty
Mls Name: NWMLS
Mls ID: #2421184