11721 Creekside Drive SW, Lakewood, WA, 98499 | 6.73% Rental Yield

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11721 Creekside Drive SW, Lakewood, WA, 98499 | 6.73% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Lakewood at 11721 Creekside Drive SW, Lakewood, WA, 98499 listed at $700,000 pairs $3,925/mo rent with a $3,426/mo payment. Total monthly income runs $3,925/mo. Return on cash invested measures 18.59% in year one, and rental yield registers 6.73% at a $700,000 basis. Equity gained on principal adds $4,517/yr, and annual property appreciation at 5% supports $193,397 by year five. Five-year ROI tracks 95.5% and total cumulative return in cash totals $219,928. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,925/mo property income relative to a $3,426/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1992

0.43 Acres lot

$N/A/sqft

No HOA

More details about the property

Nestled on a serene shy acre along Clover Creek, this Lakewood retreat offers lush grounds, garden spaces, and a dog run. Inside, vaulted ceilings and abundant light create a warm, inviting feel. The primary suite on the main level opens to a private patio with a hot tub plug, ready for relaxation. Enjoy two versatile bonus rooms - one with a wet bar, another converted from the 3rd garage stall, perfect for work or play. The kitchen shines with a double oven for effortless hosting, while A/C keeps you comfortable year-round. Recent upgrades include a new roof (2021), exterior paint (2021), and fresh trim paint (2024). Plenty of room to play, gather, and grow - this home is ready to welcome your next chapter.

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