819 E Madrona Boulevard NWLakebayWA98349
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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 Lakebay at 819 E Madrona Boulevard NW, Lakebay, WA, 98349 with 5% annual appreciation on a $375,000 basis while $2,315/mo rent supports operations. Total monthly income totals $2,315/mo and a $1,835/mo payment preserves $61/mo for cash returns. Annual cash flow comes to $735/yr on $124,313 deployed, and return on cash invested reaches 20.5% in year one. Equity gained on principal adds $2,420/yr, and five-year appreciation sums $103,606 alongside rental yield of 7.41%. Five-year ROI measures 105.81% and total cumulative return in cash totals $131,535.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,315/mo property income versus a $1,835/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1966
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98349, Lakebay, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,736 (100%) |
| Owner Occupied HU | 1,798 (65.7%) |
| Renter Occupied HU | 277 (10.1%) |
| Vacant Housing Units | 661 (24.2%) |
| Median Home Value | $616,279 |
| Average Home Value | $639,491 |
Housing Distribution
Address Breakdown
Residential
1,707
Single Family
1,707
Multi-Family
0
Businesses
74
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Listed by: Anita Monk • Paramount Real Estate Group
Mls Name: NWMLS
Mls ID: #2443171