6423 Motor Avenue SW #3LakewoodWA98499
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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 6423 Motor Avenue SW #3, Lakewood, WA, 98499 earns $75/mo cash flow from $2,480/mo rent with a $1,958/mo payment. Total monthly income totals $2,480/mo, and annual cash flow totals $905/yr on $132,583 capital. ROI tracks 20.59% on current figures, and rental yield reads 7.44% at a $399,950 purchase. Equity gained on principal adds $2,581/yr, and 5% annual appreciation supports $110,499 over five years. Five-year ROI reaches 106.29% and total cumulative return in cash sums $140,928. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,480/mo property income instead of your personal income.
Condo
Built in 1997
2,012 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: Dorthea June Hoagland • eXp Realty
Mls Name: NWMLS
Mls ID: #2439039