8216 John Dower Rd SWLakewoodWA98499
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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 8216 John Dower Rd SW, Lakewood, WA, 98499 offers a 7.86% rental yield on a $424,950 purchase with $2,785/mo rent. Total monthly income registers $2,785/mo, and a $2,080/mo payment leaves $230/mo available for distribution. Annual cash flow reaches $2,766/yr on $140,871 to close, and return on cash invested stands at 21.87% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,406 over five years. Portfolio math shows five-year ROI at 113.14% and total cumulative return in cash at $159,385. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,785/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98499, Lakewood, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,378 (100%) |
| Owner Occupied HU | 5,198 (36.2%) |
| Renter Occupied HU | 8,456 (58.8%) |
| Vacant Housing Units | 724 ( 5.0%) |
| Median Home Value | $506,163 |
| Average Home Value | $545,017 |
Housing Distribution
Address Breakdown
Residential
13,307
Single Family
9,776
Multi-Family
3,531
Businesses
1,644
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Listed by: Jim K. Clifton • Keller Williams Realty
Mls Name: NWMLS
Mls ID: #2459773