1612 C Street NWLakebayWA98349
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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 1612 C Street NW, Lakebay, WA, 98349 listed at $589,500 pairs $3,127/mo rent with a $2,885/mo payment. Total monthly income runs $3,127/mo. Return on cash invested measures 17.48% in year one, and rental yield registers 6.37% at a $589,500 basis. Equity gained on principal adds $3,804/yr, and annual property appreciation at 5% supports $162,868 by year five. Five-year ROI tracks 89.57% and total cumulative return in cash totals $173,715. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,127/mo property income relative to a $2,885/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1967
1.71 Acres lot
$N/A/sqft
No HOA
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
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Listed by: Natasha Schmierer Weiss • Hawkins Poe
Mls Name: NWMLS
Mls ID: #2459070