10701 E Lake Joy Drive NECarnationWA98014
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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 Carnation at 10701 E Lake Joy Drive NE, Carnation, WA, 98014 projects strong ROI of 6.64%. Rental yield 2.77%. With 5% annual appreciation, the property builds $728,002 in value over five years. Equity growth combined delivers a projected five-year ROI of 31.37%, translating into $267,807 in total cumulative return on $853,740 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Single Family
Built in 1998
0.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98014, Carnation, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,906 (100%) |
| Owner Occupied HU | 2,423 (83.4%) |
| Renter Occupied HU | 343 (11.8%) |
| Vacant Housing Units | 140 ( 4.8%) |
| Median Home Value | $990,863 |
| Average Home Value | $1,139,561 |
Housing Distribution
Address Breakdown
Residential
2,443
Single Family
2,436
Multi-Family
7
Businesses
154
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Listed by: Anthony E. Butz • Windermere Real Estate/East
Mls Name: NWMLS
Mls Provider:
Mls ID: #2382399
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)