7601 146th Street SW Lot 29LakewoodWA98439
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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 7601 146th Street SW Lot 29, Lakewood, WA, 98439 offers a 9.02% rental yield on a $120,000 purchase with $902/mo rent. Total monthly income registers $902/mo, and a $587/mo payment leaves $181/mo available for distribution. Annual cash flow reaches $2,172/yr on $39,780 to close, and return on cash invested stands at 25.37% in year one. Equity gained on principal adds $774/yr while 5% annual appreciation supports $33,154 over five years. Portfolio math shows five-year ROI at 131.87% and total cumulative return in cash at $52,459. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $902/mo property income against a $587/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98439, Lakewood, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,017 (100%) |
| Owner Occupied HU | 173 ( 8.6%) |
| Renter Occupied HU | 1,644 (81.5%) |
| Vacant Housing Units | 200 ( 9.9%) |
| Median Home Value | $278,906 |
| Average Home Value | $309,855 |
Housing Distribution
Address Breakdown
Residential
1,914
Single Family
1,391
Multi-Family
523
Businesses
12
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Listed by: Hillary Lovitt • Real Broker LLC
Mls Name: NWMLS
Mls ID: #2465454