6146 SW 88th Street SWLakewoodWA98499
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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 Lakewood at 6146 SW 88th Street SW, Lakewood, WA, 98499 generates $2,275/mo in rent, after a $1,953/mo payment. Total monthly income is $2,275/mo. Return on cash invested sits at 18.79% in year one, and rental yield is 6.84% on a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 96.61% and total cumulative return in cash sums $127,790. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,275/mo property income rather than buyer’s personal income.
Single Family
Built in 1947
6,660 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98499, Lakewood, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,378 (100%) |
| Owner Occupied HU | 5,198 (36.2%) |
| Renter Occupied HU | 8,456 (58.8%) |
| Vacant Housing Units | 724 ( 5.0%) |
| Median Home Value | $506,163 |
| Average Home Value | $545,017 |
Housing Distribution
Address Breakdown
Residential
13,307
Single Family
9,776
Multi-Family
3,531
Businesses
1,644
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Listed by: Sang In Yun • Central Realty & Investment
Mls Name: NWMLS
Mls ID: #2359104