419 E Herron Boulevard NWLakebayWA98349
Nearby investment properties with comparable rents
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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 419 E Herron Boulevard NW, Lakebay, WA, 98349 offers $1,957/mo rent that, after a $1,953/mo payment. Total monthly income is $1,957/mo. Return on cash invested measures 13% in year one, and rental yield stands at 5.89% at a $399,000 entry. Equity gained on principal adds $2,575/yr while 5% annual appreciation compounds into $110,236 by year five. Five-year ROI records 66.62% and total cumulative return in cash reaches $88,118. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,957/mo property income versus a $1,953/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1993
0.31 Acres lot
$N/A/sqft
$320 monthly 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 Provider:
Mls ID: #2260700
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, 2024. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2024 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.