216 Cornwall Road NWLakebayWA98349
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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, Lakebay, WA, 98349 with 5% annual appreciation on a $1,074,000 basis while $3,880/mo rent supports operations. 49% in year one. Equity gained on principal adds $6,930/yr, and five-year appreciation sums $296,726 alongside rental yield of 4.34%. Five-year ROI measures 57.33% and total cumulative return in cash totals $199,505. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,880/mo property income versus a $5,257/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
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 |
| 2019-03-13 | Sold | $495,000 |
| 2006-04-03 | Sold | $45,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-13 | $5736.61 | 0.04% | $657,815 | 3.72% |
| 2023-08-13 | $5734.11 | 2.21% | $634,241 | -1.93% |
| 2022-08-13 | $5610.16 | 9.08% | $646,740 | 27.25% |
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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)