1403 S Head Avenue SW, Lakebay, WA, 98349 | 2.5% Rental Yield

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1403 S Head Avenue SW, Lakebay, WA, 98349 | 2.5% 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 Lakebay at 1403 S Head Avenue SW, Lakebay, WA, 98349 offers a 2.5% rental yield on a $1,395,000 purchase with $2,909/mo rent. 83% in year one. Equity gained on principal adds $9,002/yr while 5% annual appreciation supports $385,413 over five years. Portfolio math shows five-year ROI at 27.01% and total cumulative return in cash at $122,062. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,909/mo property income against a $6,828/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1976

2.20 Acres lot

$N/A/sqft

No HOA

More details about the property

Rare opportunity to own on ultra-private South Head Peninsula, where homes seldom come to market. Boasting over 500 feet of waterfront on both sides, this property offers unmatched seclusion and is surrounded by pristine old-growth forest. The light-filled, east-facing home showcases breathtaking sunrises with sweeping views of Mt. Rainier and the Puget Sound. Inside, the open floor plan feels airy and inviting, with a spacious primary suite awaiting your vision and a generous guest suite with attached full bath. Step out to the expansive sundeck, complete with an outdoor shower, or follow landscaped paths that lead directly to your own private beach. A rare legacy property combining total privacy, natural beauty, and timeless tranquility.

Neighborhood Data

Neighborhood data shown for ZIP Code: 98349, Lakebay, WA area.

Housing Distribution

Housing Statistics

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