10415 Whitman Avenue SWLakewoodWA98499
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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 Lakewood at 10415 Whitman Avenue SW, Lakewood, WA, 98499 generates $2,868/mo in rent, after a $2,643/mo payment. Total monthly income is $2,868/mo. Return on cash invested sits at 17.51% in year one, and rental yield is 6.37% on a $539,950 entry. Equity gained on principal adds $3,484/yr, while 5% annual appreciation builds toward $149,178 over five years. Five-year ROI reaches 89.71% and total cumulative return in cash sums $159,370. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,868/mo property income rather than buyer’s personal income.
Single Family
Built in 2000
5,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98499, Lakewood, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,378 (100%) |
| Owner Occupied HU | 5,198 (36.2%) |
| Renter Occupied HU | 8,456 (58.8%) |
| Vacant Housing Units | 724 ( 5.0%) |
| Median Home Value | $506,163 |
| Average Home Value | $545,017 |
Housing Distribution
Address Breakdown
Residential
13,307
Single Family
9,776
Multi-Family
3,531
Businesses
1,644
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Listed by: Jeff Jensen • Keller Williams Rty Tacoma
Mls Name: NWMLS
Mls ID: #2463611