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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Lakewood at 7116 87th Avenue Ct SW, Lakewood, WA, 98498 listed at $560,000 pairs $3,336/mo rent with a $2,741/mo payment. Total monthly income runs $3,336/mo. Return on cash invested measures 17% in year one, and rental yield registers 7.15% at a $560,000 basis. Equity gained on principal adds $3,614/yr, and annual property appreciation at 5% supports $154,718 by year five. Five-year ROI tracks 88% and total cumulative return in cash totals $162,137. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,336/mo property income relative to a $2,741/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1993
8,533 sqft lot
$N/A/sqft
$440 monthly HOA
Neighborhood data shown for ZIP Code: 98498, Lakewood, WA area.
| 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 |
Residential
12,172
Single Family
10,007
Multi-Family
2,165
Businesses
238
Date | Event | Price |
|---|---|---|
| 2025-09-15 | Sold | $560,000 |
| 2025-08-20 | Pending sale | $525,000 |
| 2025-08-15 | Listed for sale | $525,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-17 | $4657.31 | 2.73% | $439,300 | 3.76% |
| 2023-10-17 | $4533.58 | 1.01% | $423,400 | -3.29% |
| 2022-10-17 | $4488.14 | -0.02% | $437,800 | 12.86% |
Listed by: Sarah Gelman • Hawkins Poe
Mls Name: NWMLS
Mls Provider:
Mls ID: #2420923
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)
