10202 98th Street SWLakewoodWA98498
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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 Lakewood at 10202 98th Street SW, Lakewood, WA, 98498 earns $331/mo cash flow from $3,268/mo rent with a $2,300/mo payment. Total monthly income totals $3,268/mo, and annual cash flow totals $3,969/yr on $155,805 capital. ROI tracks 22.46% on current figures, and rental yield reads 8.34% at a $470,000 purchase. Equity gained on principal adds $3,033/yr, and 5% annual appreciation supports $129,852 over five years. Five-year ROI reaches 116.57% and total cumulative return in cash sums $181,629. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,268/mo property income instead of your personal income.
Single Family
Built in 1992
9,374 sqft lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 98498, Lakewood, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,521 (100%) |
| Owner Occupied HU | 7,489 (59.8%) |
| Renter Occupied HU | 4,484 (35.8%) |
| Vacant Housing Units | 548 ( 4.4%) |
| Median Home Value | $574,433 |
| Average Home Value | $644,712 |
Housing Distribution
Address Breakdown
Residential
12,172
Single Family
10,007
Multi-Family
2,165
Businesses
238
Price History
Date | Event | Price |
|---|---|---|
| 2025-08-21 | Sold | $470,000 |
| 2025-08-05 | Pending sale | $490,000 |
| 2025-07-24 | Price change | $490,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-28 | $5297.31 | 10.34% | $508,300 | 10.40% |
| 2023-10-28 | $4800.79 | -0.89% | $460,400 | -3.60% |
| 2022-10-28 | $4844.13 | 2.75% | $477,600 | 17.72% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1992
- Architectural Style: N/A
- Building Area: 1,664
- Living Area: 1,664 sqft
- Property Condition: Good
Features & Amenities
- Heating: Fireplace, Forced Air, Natural Gas
- Cooling: Forced Air
- Flooring: Hardwood, Vinyl, Carpet
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Driveway, Attached Garage
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Septic Tank
- Water Source: Public, Company: Lakewood Water
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Darcie L. Fish • ALLEN Realtors
Mls Name: NWMLS
Mls Provider:
Mls ID: #2385579
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-28 03:24:43 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#39)