216 Cornwall Road NW #1LakebayWA98349
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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 216 Cornwall Road NW #1, Lakebay, WA, 98349 earns from $2,640/mo rent with a $5,257/mo payment. Total monthly income totals $2,640/mo. ROI tracks 7.21% on current figures, and rental yield reads 2.95% at a $1,074,000 purchase. Equity gained on principal adds $6,930/yr, and 5% annual appreciation supports $296,726 over five years. Five-year ROI reaches 34.4% and total cumulative return in cash sums $119,705. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,640/mo property income instead of your personal income.
Single Family
Built in 2017
25.65 Acres lot
$N/A/sqft
No HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2025-08-11 | Listed for sale | $1,074,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
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Nearby investment properties with comparable prices
Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2017
- Architectural Style: Traditional
- Building Area: 2,122
- Living Area: 2,122 sqft
- Property Condition: Very Good
Features & Amenities
- Heating: Fireplace, Forced Air, Electric, Propane
- Cooling: None
- Flooring: Ceramic Tile, Engineered Hardwood, Carpet
- Interior Features: Bath Off Primary, Ceiling Fan(s)
- Exterior Features: N/A
- Parking Features: Driveway, Attached Garage, RV Parking
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Septic Tank
- Water Source: Individual Well
- Road Surface Type: N/A
School Information
- Elementary School: Evergreen Elem
- Middle School: Key Peninsula Mid
- High School: Peninsula High
Listed by: Nancy Wallace • Coldwell Banker Bain
Mls Name: NWMLS
Mls Provider:
Mls ID: #2415941
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, 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2025 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. [Click here for more information](/mls-disclaimers/#39)