7501 RUBY Drive SW #I-101LakewoodWA98498
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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 #I-101, Lakewood, WA, 98498 earns $543/mo cash flow from $2,557/mo rent with a $1,640/mo payment. Total monthly income totals $2,557/mo, and annual cash flow totals $6,515/yr on $111,053 capital. ROI tracks 25.78% on current figures, and rental yield reads 9.16% at a $335,000 purchase. Equity gained on principal adds $2,162/yr, and 5% annual appreciation supports $92,554 over five years. Five-year ROI reaches 134.05% and total cumulative return in cash sums $148,868. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,557/mo property income instead of your personal income.
Condo
Built in 1968
100.19 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: Harry Soete • PNW Towns and Sound
Mls Name: NWMLS
Mls ID: #2437691