8521 Zircon Drive SW #63LakewoodWA98498
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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 8521 Zircon Drive SW #63, Lakewood, WA, 98498 earns $674/mo cash flow from $2,297/mo rent with a $1,322/mo payment. Total monthly income totals $2,297/mo, and annual cash flow totals $8,082/yr on $89,505 capital. ROI tracks 28.94% on current figures, and rental yield reads 10.21% at a $270,000 purchase. Equity gained on principal adds $1,742/yr, and 5% annual appreciation supports $74,596 over five years. Five-year ROI reaches 151.06% and total cumulative return in cash sums $135,205. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,297/mo property income instead of your personal income.
Condo
Built in 1973
2,604 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98498, Lakewood, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,521 (100%) |
| Owner Occupied HU | 7,489 (59.8%) |
| Renter Occupied HU | 4,484 (35.8%) |
| Vacant Housing Units | 548 ( 4.4%) |
| Median Home Value | $574,433 |
| Average Home Value | $644,712 |
Housing Distribution
Address Breakdown
Residential
12,172
Single Family
10,007
Multi-Family
2,165
Businesses
238
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Listed by: Dave Bajra • Keller Williams Rlty Bellevue
Mls Name: NWMLS
Mls ID: #2471495