18 Fir Glen Road SWLakewoodWA98498
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Lakewood at 18 Fir Glen Road SW, Lakewood, WA, 98498 priced at $615,000 converts $3,119/mo rent into after a $3,010/mo obligation. Total monthly income equals $3,119/mo. Return on cash invested prints 16.63% in year one, and rental yield reads 6.09% against a $615,000 entry. Equity gained on principal adds $3,969/yr, while 5% annual appreciation compiles into $169,913 by year five. Five-year ROI reaches 85.02% and total cumulative return in cash sums $172,025. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,119/mo property income covering a $3,010/mo payment, not borrower’s personal income.
Single Family
Built in 1951
0.27 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stephen F. Dawson • RE/MAX Extra Inc.
Mls Name: NWMLS
Mls ID: #2430158