415 W Herron Boulevard NWLakebayWA98349
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 415 W Herron Boulevard NW, Lakebay, WA, 98349 earns $408/mo cash flow from $3,112/mo rent with a $2,202/mo payment. Total monthly income totals $3,112/mo, and annual cash flow totals $4,891/yr on $149,142 capital. ROI tracks 23.19% on current figures, and rental yield reads 8.3% at a $449,900 purchase. Equity gained on principal adds $2,903/yr, and 5% annual appreciation supports $124,299 over five years. Five-year ROI reaches 120.2% and total cumulative return in cash sums $179,266. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,112/mo property income instead of your personal income.
Single Family
Built in 1980
0.36 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: Karen D. Dorans • Better Properties Gig Harbor
Mls Name: NWMLS
Mls ID: #2419267