7019 Cameo Drive SWLakewoodWA98498
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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 7019 Cameo Drive SW, Lakewood, WA, 98498 earns from $3,791/mo rent with a $3,622/mo payment. Total monthly income totals $3,791/mo. ROI tracks 16.65% on current figures, and rental yield reads 6.15% at a $740,000 purchase. Equity gained on principal adds $4,775/yr, and 5% annual appreciation supports $204,448 over five years. Five-year ROI reaches 85.17% and total cumulative return in cash sums $207,358. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,791/mo property income instead of your personal income.
Single Family
Built in 1984
0.27 Acres lot
$N/A/sqft
$30 monthly HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 98498, Lakewood, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,521 (100%) |
| Owner Occupied HU | 7,489 (59.8%) |
| Renter Occupied HU | 4,484 (35.8%) |
| Vacant Housing Units | 548 ( 4.4%) |
| Median Home Value | $574,433 |
| Average Home Value | $644,712 |
Housing Distribution
Address Breakdown
Residential
12,172
Single Family
10,007
Multi-Family
2,165
Businesses
238
Price History
Date | Event | Price |
|---|---|---|
| 2025-05-30 | Listed for sale | $740,000 |
| 2021-08-13 | Sold | $650,000 |
| 2021-06-23 | Pending sale | $650,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-31 | $6268.50 | 15.61% | $616,300 | 18.11% |
| 2023-05-31 | $5421.94 | -0.53% | $521,800 | -3.23% |
| 2022-05-31 | $5450.87 | 2.02% | $539,200 | 16.86% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1984
- Architectural Style: N/A
- Building Area: 2,272
- Living Area: 2,272 sqft
- Property Condition: Very Good
Features & Amenities
- Heating: Fireplace(s), Forced Air
- Cooling: Central Air, None
- Flooring: Ceramic Tile, Carpet
- Interior Features: Bath Off Primary, Ceiling Fan(s), Dining Room, Walk-In Pantry
- Exterior Features: N/A
- Parking Features: Driveway, Attached Garage, Off Street
Location
HOA & Fees
- HOA Fee: $30 monthly
- Association Fee: $30 monthly
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Sewer Connected
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: Cherrydale Elem
- Middle School: Buyer To Verify
- High School: Buyer To Verify
Listed by: Tamra Smilanich • CENTURY 21 North Homes Realty
Mls Name: NWMLS
Mls Provider:
Mls ID: #2382437
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, 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2025 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. [Click here for more information](/mls-disclaimers/#39)