7501 Ruby Drive SW #I206LakewoodWA98498
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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 #I206, Lakewood, WA, 98498 offers a 9.21% rental yield on a $339,950 purchase with $2,610/mo rent. Total monthly income registers $2,610/mo, and a $1,664/mo payment leaves $566/mo available for distribution. Annual cash flow reaches $6,797/yr on $112,693 to close, and return on cash invested stands at 25.94% in year one. Equity gained on principal adds $2,194/yr while 5% annual appreciation supports $93,922 over five years. Portfolio math shows five-year ROI at 134.97% and total cumulative return in cash at $152,103. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,610/mo property income against a $1,664/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: Denis Karnafel • John L. Scott, Inc
Mls Name: NWMLS
Mls ID: #2469796