2110 Lafayette Street, Steilacoom, WA, 98388 | 3.52% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Steilacoom at 2110 Lafayette Street, Steilacoom, WA, 98388 offers a 3.52% rental yield on a $1,360,000 purchase with $3,990/mo rent. 97% in year one. Equity gained on principal adds $8,776/yr while 5% annual appreciation supports $375,743 over five years. Portfolio math shows five-year ROI at 43.86% and total cumulative return in cash at $193,249. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,990/mo property income against a $6,657/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2014

9,552 sqft lot

$N/A/sqft

No HOA

More details about the property

This architectural gem commands panoramic views of Puget Sound, Olympic Mountains & Narrows Bridge. Main residence showcases sophisticated design elements & recent renovations that enhance its contemporary appeal. The expansive view deck featuring dual entrances & cozy fireplace is perfect for enjoying breathtaking sunsets. Behind the primary residence you'll find a 4-car garage with a convenient 1/2 bath. Above the garage showcases a flex space including 1 bed, 1 bath, kitchenette, great room & private deck with a scenic view. Embrace the tranquil lifestyle of Washington's oldest incorporated town. Enjoy Sunnyside Beach, world-renowned Chambers Bay Golf Course, quaint downtown district & the intimate charm of small-town coastal living.

Neighborhood Data

Neighborhood data shown for ZIP Code: 98388, Steilacoom, WA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,972 (100%)
Owner Occupied HU	1,923 (64.7%)
Renter Occupied HU	926 (31.2%)
Vacant Housing Units	123 ( 4.1%)
Median Home Value	$664,681
Average Home Value	$722,841