0 0 Herron Road NWLakebayWA98349
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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
Rental property for sale in Lakebay at 0 0 Herron Road NW, Lakebay, WA, 98349 priced at $1,025,000 converts $2,640/mo rent into after a $5,017/mo obligation. Total monthly income equals $2,640/mo. Return on cash invested prints 7.65% in year one, and rental yield reads 3.09% against a $1,025,000 entry. Equity gained on principal adds $6,614/yr, while 5% annual appreciation compiles into $283,189 by year five. Five-year ROI reaches 36.74% and total cumulative return in cash sums $122,020. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,640/mo property income covering a $5,017/mo payment, not borrower’s personal income.
Single Family
Built in 2026
6.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98349, Lakebay, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,736 (100%) |
| Owner Occupied HU | 1,798 (65.7%) |
| Renter Occupied HU | 277 (10.1%) |
| Vacant Housing Units | 661 (24.2%) |
| Median Home Value | $616,279 |
| Average Home Value | $639,491 |
Housing Distribution
Address Breakdown
Residential
1,707
Single Family
1,707
Multi-Family
0
Businesses
74
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Listed by: Sean Ryan • Terry Wise & Associates
Mls Name: NWMLS
Mls ID: #2439164