14804 41st Street SWLakebayWA98349
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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 Lakebay at 14804 41st Street SW, Lakebay, WA, 98349 earns $482/mo cash flow from $3,578/mo rent with a $2,521/mo payment. Total monthly income totals $3,578/mo, and annual cash flow totals $5,783/yr on $169,435 capital. ROI tracks 23.47% on current figures, and rental yield reads 8.34% at a $515,000 purchase. Equity gained on principal adds $3,323/yr, and 5% annual appreciation supports $142,285 over five years. Five-year ROI reaches 121.68% and total cumulative return in cash sums $206,173. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,578/mo property income instead of your personal income.
Single Family
Built in 2005
1.25 Acres lot
$N/A/sqft
No HOA
More details about the property
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 |
Housing Distribution
Address Breakdown
Residential
1,707
Single Family
1,707
Multi-Family
0
Businesses
74
Price History
Date | Event | Price |
|---|---|---|
| 2025-08-01 | Sold | $515,000 |
| 2025-06-16 | Pending sale | $522,000 |
| 2025-06-04 | Listed for sale | $522,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-11 | $3814.69 | -16.03% | $431,900 | -13.48% |
| 2023-10-11 | $4542.87 | 1.26% | $499,200 | -2.86% |
| 2022-10-11 | $4486.42 | 8.94% | $513,900 | 27.14% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2005
- Architectural Style: Northwest Contemporary
- Building Area: 2,111
- Living Area: 2,111 sqft
- Property Condition: Average
Features & Amenities
- Heating: Fireplace, Forced Air, Heat Pump, Electric, Propane
- Cooling: Heat Pump
- Flooring: Ceramic Tile, Laminate, Vinyl, Carpet
- Interior Features: Bath Off Primary, Dining Room, Walk-In Pantry
- Exterior Features: N/A
- Parking Features: Attached Garage
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Septic Tank, Company: Septic
- Water Source: Individual Well, Company: Individual Well
- Road Surface Type: N/A
School Information
- Elementary School: Evergreen Elem
- Middle School: Key Peninsula Mid
- High School: Peninsula High
Listed by: Jennifer Fetterplace • Windermere Prof Partners
Mls Name: NWMLS
Mls Provider:
Mls ID: #2387374
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)