1720 193rd Avenue 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 1720 193rd Avenue SW, Lakebay, WA, 98349 listed at $385,000 pairs $2,948/mo rent with a $1,884/mo payment to leave $634/mo cash flow. Total monthly income runs $2,948/mo, and annual cash flow reaches $7,609/yr on $127,628 cash to close. Return on cash invested measures 25.87% in year one, and rental yield registers 9.19% at a $385,000 basis. Equity gained on principal adds $2,484/yr, and annual property appreciation at 5% supports $106,368 by year five. Five-year ROI tracks 134.61% and total cumulative return in cash totals $171,802. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,948/mo property income relative to a $1,884/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2002
10,850 sqft 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: Leslie Fleming • United R/E Puget Sound West
Mls Name: NWMLS
Mls ID: #2444166