7109 146th Street SW #12LakewoodWA98439
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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
Rental property for sale in Lakewood at 7109 146th Street SW #12, Lakewood, WA, 98439 generates $825/mo in rent and, after a $514/mo payment, leaves $194/mo in cash flow. Total monthly income is $825/mo, and annual cash flow is $2,325/yr on $34,808 invested. Return on cash invested sits at 26.59% in year one, and rental yield is 9.43% on a $105,000 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 138.49% and total cumulative return in cash sums $48,206. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $825/mo property income rather than buyer’s personal income.
Manufactured
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98439, Lakewood, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,017 (100%) |
| Owner Occupied HU | 173 ( 8.6%) |
| Renter Occupied HU | 1,644 (81.5%) |
| Vacant Housing Units | 200 ( 9.9%) |
| Median Home Value | $278,906 |
| Average Home Value | $309,855 |
Housing Distribution
Address Breakdown
Residential
1,914
Single Family
1,391
Multi-Family
523
Businesses
12
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Listed by: Chris Gurnee • eXp Realty
Mls Name: NWMLS
Mls ID: #2440245