10430 Gravelly Lake Drive SW UNIT 33LakewoodWA98499
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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 10430 Gravelly Lake Drive SW UNIT 33, Lakewood, WA, 98499 listed at $279,997 pairs $2,186/mo rent with a $1,370/mo payment to leave $196/mo cash flow. Total monthly income runs $2,186/mo, and annual cash flow reaches $2,356/yr on $92,819 cash to close. Return on cash invested measures 22.45% in year one, and rental yield registers 9.37% at a $279,997 basis. Equity gained on principal adds $1,807/yr, and annual property appreciation at 5% supports $77,358 by year five. Five-year ROI tracks 117.7% and total cumulative return in cash totals $109,244. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,186/mo property income relative to a $1,370/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1966
2,935 sqft lot
$N/A/sqft
$307 monthly 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: Lorna Murray • RE/MAX Equity Group
Mls Name: NWMLS
Mls Provider:
Mls ID: #2361467
Disclaimer: Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2025 NWMLS. All rights are reserved. Disclaimer: The information contained in this listing has not been verified by Zillow, Inc. and should be verified by the buyer. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#39)