7033 Phillips Road SW, Lakewood, WA, 98498 | 3.71% Rental Yield

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7033 Phillips Road SW, Lakewood, WA, 98498 | 3.71% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Lakewood at 7033 Phillips Road SW, Lakewood, WA, 98498 offers a 3.71% rental yield on a $1,075,000 purchase with $3,328/mo rent. 57% in year one. Equity gained on principal adds $6,937/yr while 5% annual appreciation supports $297,003 over five years. Portfolio math shows five-year ROI at 47.07% and total cumulative return in cash at $163,938. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,328/mo property income against a $5,262/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2005

0.60 Acres lot

$N/A/sqft

No HOA

More details about the property

At the end of the road, over a half-acre lot, enjoy the babbling of Chambers Creek right out your back door in this grand traditional stucco. Upon entry are vaulted ceilings, marble inlay floor, and a main level designed around open concept living with views of nature. A gourmet kitchen, wet bar, and formal dining suited for all your entertainment needs. Follow the staircase to the mezzanine. On the right, you will find the primary with a balcony/ensuite and a second bedroom. To the left, a third bedroom and a full bath. Large laundry/mud room accessed from an oversized 3 bay garage with one high clearance stall and an in-floor vehicle maintenance pit. Come and explore this unique property and the community that surrounds it.

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