723 W Herron Boulevard NWLakebayWA98349
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Lakebay at 723 W Herron Boulevard NW, Lakebay, WA, 98349 uses $87,848 cash to close to unlock $3,457/yr annual cash flow and $288/mo monthly cash flow. Total monthly income runs $2,195/mo, and a $1,297/mo payment keeps the spread at $288/mo. Purchase price stands at $265,000, and rental yield measures 9.94% with $2,195/mo rent. Return on cash invested shows 23.84% in year one, and 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 125.32% and total cumulative return in cash records $110,091. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,195/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.36 Acres lot
$N/A/sqft
$314 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98349, Lakebay, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,736 (100%) |
| Owner Occupied HU | 1,798 (65.7%) |
| Renter Occupied HU | 277 (10.1%) |
| Vacant Housing Units | 661 (24.2%) |
| Median Home Value | $616,279 |
| Average Home Value | $639,491 |
Housing Distribution
Address Breakdown
Residential
1,707
Single Family
1,707
Multi-Family
0
Businesses
74
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Listed by: Karen D. Dorans • Better Properties Gig Harbor
Mls Name: NWMLS
Mls Provider:
Mls ID: #2355898
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)