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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Lakebay at 20309 19th Street SW, Lakebay, WA, 98349 offers a 7.55% rental yield on a $600,000 purchase with $3,775/mo rent. Total monthly income registers $3,775/mo, and a $2,937/mo payment leaves $147/mo available for distribution. Annual cash flow reaches $1,758/yr on $197,400 to close, and return on cash invested stands at 20.95% in year one. Equity gained on principal adds $3,872/yr while 5% annual appreciation supports $165,769 over five years. Portfolio math shows five-year ROI at 108.21% and total cumulative return in cash at $213,612. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,775/mo property income against a $2,937/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
2.50 Acres lot
$N/A/sqft
$21 monthly HOA
Neighborhood data shown for ZIP Code: 98349, Lakebay, WA area.
| 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 |
Residential
1,707
Single Family
1,707
Multi-Family
0
Businesses
74
Date | Event | Price |
|---|---|---|
| 2024-09-04 | Listed for sale | $600,000 |
| 2021-11-30 | Sold | $575,000 |
| 2021-10-26 | Pending sale | $575,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $5048.27 | 2.69% | $556,500 | -1.45% |
| 2022-10-14 | $4916.11 | 13.40% | $564,700 | 32.50% |
| 2021-10-14 | $4335.03 | 15.81% | $426,200 | 20.19% |
Listed by: Isaak Hammers • Manette Real Estate Co.
Mls Name: NWMLS
Mls Provider:
Mls ID: #2286500
Disclaimer: Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2024. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2024 NWMLS. All rights are reserved. Disclaimer: The information contained in this listing has not been verified by Zillow, Inc. and should be verified by the buyer. Some IDX listings have been excluded from this website.
