15009 SW Boat Street #A&BLAKEWOODWA98498
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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 LAKEWOOD at 15009 SW Boat Street #A&B, LAKEWOOD, WA, 98498 uses $66,300 cash to close to unlock $16,892/yr annual cash flow and $1,408/mo monthly cash flow. Total monthly income runs $2,610/mo, and a $979/mo payment keeps the spread at $1,408/mo. Purchase price stands at $200,000, and rental yield measures 15.66% with $2,610/mo rent. Return on cash invested shows 45.39% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 239.25% and total cumulative return in cash records $158,624. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,610/mo property income covering a $979/mo payment rather than investor’s personal income.
Single Family
Built in 1933
5,449 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98498, Lakewood, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,521 (100%) |
| Owner Occupied HU | 7,489 (59.8%) |
| Renter Occupied HU | 4,484 (35.8%) |
| Vacant Housing Units | 548 ( 4.4%) |
| Median Home Value | $574,433 |
| Average Home Value | $644,712 |
Housing Distribution
Address Breakdown
Residential
12,172
Single Family
10,007
Multi-Family
2,165
Businesses
238
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Listed by: Nam Kim • Inspire Realty
Mls Name: NWMLS
Mls Provider:
Mls ID: #2369312
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)