8626 Onyx Drive SW #CLakewoodWA98498
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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 8626 Onyx Drive SW #C, Lakewood, WA, 98498 listed at $399,000 pairs $2,771/mo rent with a $1,953/mo payment to leave $372/mo cash flow. Total monthly income runs $2,771/mo, and annual cash flow reaches $4,469/yr on $132,269 cash to close. Return on cash invested measures 23.29% in year one, and rental yield registers 8.33% at a $399,000 basis. Equity gained on principal adds $2,575/yr, and annual property appreciation at 5% supports $110,236 by year five. Five-year ROI tracks 120.74% and total cumulative return in cash totals $159,698. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,771/mo property income relative to a $1,953/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1980
1,668 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: Falynn Auston • Neighborhood Experts Real Est.
Mls Name: NWMLS
Mls ID: #2470944