6306 151st Avenue Ct 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 6306 151st Avenue Ct NW, Lakebay, WA, 98349 listed at $1,100,000 pairs $4,772/mo rent with a $5,384/mo payment. Total monthly income runs $4,772/mo. Return on cash invested measures 14.17% in year one, and rental yield registers 5.21% at a $1,100,000 basis. Equity gained on principal adds $7,098/yr, and annual property appreciation at 5% supports $303,910 by year five. Five-year ROI tracks 71.75% and total cumulative return in cash totals $255,715. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,772/mo property income relative to a $5,384/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2001
2.15 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 |
|---|---|---|
| 2025-08-26 | Sold | $1,100,000 |
| 2025-07-30 | Pending sale | $1,125,000 |
| 2025-05-01 | Price change | $1,125,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-26 | $8779.74 | 5.72% | $1,015,700 | 9.70% |
| 2023-10-26 | $8305.07 | 4.18% | $925,900 | -0.02% |
| 2022-10-26 | $7971.56 | 9.41% | $926,100 | 27.56% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2001
- Architectural Style: Northwest Contemporary
- Building Area: 4,134
- Living Area: 4,134 sqft
- Property Condition: Very Good
Features & Amenities
- Heating: Fireplace, Forced Air, Heat Pump, High Efficiency (Unspecified), Electric, Propane
- Cooling: Central Air, Forced Air, Heat Pump
- Flooring: Bamboo/Cork, Engineered Hardwood, Hardwood, Vinyl Plank, Carpet
- Interior Features: Bath Off Primary, Ceiling Fan(s), Dining Room
- Exterior Features: N/A
- Parking Features: Driveway, Detached 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: Direct Tv, Astound
- Sewer: Septic Tank, Company: Septic
- Water Source: Shared Well, Company: SARA Water System
- Road Surface Type: Dirt
School Information
- Elementary School: Vaughn Elem
- Middle School: Key Peninsula Mid
- High School: Peninsula High
Listed by: Nolan R Vance • Concierge Real Estate Partners
Mls Name: NWMLS
Mls Provider:
Mls ID: #2332180
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-26 05:19:27 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#39)