Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Lakewood at 8223 Paine Street SW, Lakewood, WA, 98499 generates $2,454/mo in rent and, after a $1,370/mo payment, leaves $383/mo in cash flow. Total monthly income is $2,454/mo, and annual cash flow is $4,595/yr on $92,820 invested. Return on cash invested sits at 24.86% in year one, and rental yield is 10.52% on a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 130.97% and total cumulative return in cash sums $121,569. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,454/mo property income rather than buyer’s personal income.
Condo
Built in 1967
N/A lot
$N/A/sqft
$345 monthly HOA
Neighborhood data shown for ZIP Code: 98499, Lakewood, WA area.
| 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 |
Residential
13,307
Single Family
9,776
Multi-Family
3,531
Businesses
1,644
Date | Event | Price |
|---|---|---|
| 2025-09-04 | Sold | $280,000 |
| 2025-08-20 | Pending sale | $285,000 |
| 2025-06-07 | Listed for sale | $285,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-17 | $2873.33 | 7.69% | $263,300 | 7.25% |
| 2023-10-17 | $2668.14 | 3.49% | $245,500 | -0.85% |
| 2022-10-17 | $2578.18 | 10.38% | $247,600 | 25.11% |
Listed by: Lorena K. McPhail • Coldwell Banker Bain
Mls Name: NWMLS
Mls Provider:
Mls ID: #2388998
Disclaimer: Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2025 NWMLS. All rights are reserved. Disclaimer: The information contained in this listing has not been verified by Zillow, Inc. and should be verified by the buyer. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#39)
