7501 Ruby Drive SW #H202LakewoodWA98498
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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 7501 Ruby Drive SW #H202, Lakewood, WA, 98498 uses $112,213 cash to close to unlock $7,272/yr annual cash flow and $606/mo monthly cash flow. Total monthly income runs $2,641/mo, and a $1,657/mo payment keeps the spread at $606/mo. Purchase price stands at $338,500, and rental yield measures 9.36% with $2,641/mo rent. Return on cash invested shows 26.39% in year one, and 5% annual appreciation builds toward $93,521 over five years. Five-year ROI reaches 137.4% and total cumulative return in cash records $154,179. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,641/mo property income covering a $1,657/mo payment rather than investor’s personal income.
Condo
Built in 1968
2,517 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: Corey Lofton • Kelly Right RE of Seattle LLC
Mls Name: NWMLS
Mls ID: #2459938