2416 205th Avenue 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
Rental property for sale in Lakebay at 2416 205th Avenue SW, Lakebay, WA, 98349 generates $3,132/mo in rent and, after a $1,958/mo payment, leaves $727/mo in cash flow. Total monthly income is $3,132/mo, and annual cash flow is $8,729/yr on $132,583 invested. Return on cash invested sits at 26.49% in year one, and rental yield is 9.4% on a $399,950 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation builds toward $110,499 over five years. Five-year ROI reaches 137.94% and total cumulative return in cash sums $182,880. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,132/mo property income rather than buyer’s personal income.
Manufactured
Built in 1997
2.50 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: Paul E. Elkins • Gig Harbor Real Estate
Mls Name: NWMLS
Mls ID: #2421296