2016 192nd Avenue Ct 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 2016 192nd Avenue Ct SW, Lakebay, WA, 98349 uses $117,683 cash to close to unlock $6,571/yr annual cash flow and $548/mo monthly cash flow. Total monthly income runs $2,682/mo, and a $1,738/mo payment keeps the spread at $548/mo. Purchase price stands at $355,000, and rental yield measures 9.07% with $2,682/mo rent. Return on cash invested shows 25.49% in year one, and 5% annual appreciation builds toward $98,080 over five years. Five-year ROI reaches 132.57% and total cumulative return in cash records $156,012. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,682/mo property income covering a $1,738/mo payment rather than investor’s personal income.
Single Family
Built in 1979
0.29 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: Jamie Parker • Keller Williams Realty PS
Mls Name: NWMLS
Mls ID: #2411412