7110 146th Street SW #35LakewoodWA98439
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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 7110 146th Street SW #35, Lakewood, WA, 98439 offers a 9.29% rental yield on a $130,000 purchase with $1,006/mo rent. Total monthly income registers $1,006/mo, and a $636/mo payment leaves $225/mo available for distribution. Annual cash flow reaches $2,698/yr on $43,095 to close, and return on cash invested stands at 26.17% in year one. Equity gained on principal adds $839/yr while 5% annual appreciation supports $35,917 over five years. Portfolio math shows five-year ROI at 136.17% and total cumulative return in cash at $58,683. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,006/mo property income against a $636/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1982
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: Shelley Propernick • John L. Scott, Inc
Mls Name: NWMLS
Mls ID: #2472729