Investment Overview

Tacoma continues to experience strong rental demand, driven by its relative affordability within the Puget Sound region. With high-quality renovations and efficient unit layouts, White Rock is well-positioned to attract tenants seeking modern housing at accessible rents. The property currently offers a 5.85% cap rate, which, paired with attractive interest-only financing options, delivers an estimated cash-on-cash return of 5.83%. Furthermore, investors have the opportunity to grow NOI by approximately 20% through rent adjustments to market levels and minor operational improvements to increase ancillary income. Upon stabilization, projected returns reach an estimated 10% (including principal and interest payments)—a rare and compelling offering in today’s market.