8509 71st Avenue Ct 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 8509 71st Avenue Ct SW, Lakewood, WA, 98499 uses $140,888 cash to close to unlock $6,209/yr annual cash flow and $517/mo monthly cash flow. Total monthly income runs $3,072/mo, and a $2,080/mo payment keeps the spread at $517/mo. Purchase price stands at $425,000, and rental yield measures 8.67% with $3,072/mo rent. Return on cash invested shows 24.32% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 126.26% and total cumulative return in cash records $177,881. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,072/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Townhouse
Built in 1986
7,270 sqft 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: Michael Putnam • Keller Williams Rty Tacoma
Mls Name: NWMLS
Mls ID: #2424437