6412 Patton Avenue 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
Investment property for sale in Lakewood at 6412 Patton Avenue SW, Lakewood, WA, 98499 listed at $409,000 pairs $2,605/mo rent with a $2,002/mo payment to leave $146/mo cash flow. Total monthly income runs $2,605/mo, and annual cash flow reaches $1,755/yr on $135,584 cash to close. Return on cash invested measures 21.2% in year one, and rental yield registers 7.64% at a $409,000 basis. Equity gained on principal adds $2,639/yr, and annual property appreciation at 5% supports $112,999 by year five. Five-year ROI tracks 109.57% and total cumulative return in cash totals $148,557. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,605/mo property income relative to a $2,002/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1935
6,298 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: Catherine Larrow • Terry Wise & Associates
Mls Name: NWMLS
Mls ID: #2459468