1909 Lake Drive 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 1909 Lake Drive SW, Lakebay, WA, 98349 offers a 7.43% rental yield on a $410,000 purchase with $2,538/mo rent. Total monthly income registers $2,538/mo, and a $2,007/mo payment leaves $73/mo available for distribution. Annual cash flow reaches $878/yr on $135,915 to close, and return on cash invested stands at 20.56% in year one. Equity gained on principal adds $2,646/yr while 5% annual appreciation supports $113,275 over five years. Portfolio math shows five-year ROI at 106.1% and total cumulative return in cash at $144,203. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,538/mo property income against a $2,007/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1994
4.83 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: Macy Allen Wiles • Heaton Dainard, LLC
Mls Name: NWMLS
Mls ID: #2365116