7425 SW Ruby Drive #C9LakewoodWA98498
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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 7425 SW Ruby Drive #C9, Lakewood, WA, 98498 uses $104,423 cash to close to unlock $8,535/yr annual cash flow and $711/mo monthly cash flow. Total monthly income runs $2,605/mo, and a $1,542/mo payment keeps the spread at $711/mo. Purchase price stands at $315,000, and rental yield measures 9.92% with $2,605/mo rent. Return on cash invested shows 28.08% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 146.47% and total cumulative return in cash records $152,945. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,605/mo property income covering a $1,542/mo payment rather than investor’s personal income.
Condo
Built in 1968
2,670 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
12,172
Single Family
10,007
Multi-Family
2,165
Businesses
238
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Listed by: Christopher Foster • RSVP Brokers ERA
Mls Name: NWMLS
Mls ID: #2437364