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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Lakebay at 1321 E Madrona Boulevard NW, Lakebay, WA, 98349 offers a 7.86% rental yield on a $349,900 purchase with $2,291/mo rent. Total monthly income registers $2,291/mo, and a $1,713/mo payment leaves $187/mo available for distribution. Annual cash flow reaches $2,247/yr on $115,992 to close, and return on cash invested stands at 21.85% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,671 over five years. Portfolio math shows five-year ROI at 113.02% and total cumulative return in cash at $131,094. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,291/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 98349, Lakebay, WA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,736 (100%) |
| Owner Occupied HU | 1,798 (65.7%) |
| Renter Occupied HU | 277 (10.1%) |
| Vacant Housing Units | 661 (24.2%) |
| Median Home Value | $616,279 |
| Average Home Value | $639,491 |
Residential
1,707
Single Family
1,707
Multi-Family
0
Businesses
74
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Karen D. Dorans • Better Properties Gig Harbor
Mls Name: NWMLS
Mls ID: #2417438
