8807 Terrace Rd SwLakewoodWA98498
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Nearby investment properties with comparable prices
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 8807 Terrace Rd Sw, Lakewood, WA, 98498 offers a 7.43% rental yield on a $645,000 purchase with $3,994/mo rent. Total monthly income registers $3,994/mo, and a $3,157/mo payment leaves $86/mo available for distribution. Annual cash flow reaches $1,027/yr on $212,205 to close, and return on cash invested stands at 20.54% in year one. Equity gained on principal adds $4,162/yr while 5% annual appreciation supports $178,202 over five years. Portfolio math shows five-year ROI at 106.04% and total cumulative return in cash at $225,028. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,994/mo property income against a $3,157/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
0.37 Acres lot
$N/A/sqft
No HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2025-07-10 | Listed for sale | $645,000 |
| 2019-01-09 | Listing removed | $345,000 |
| 2019-01-09 | Listed for sale | $345,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-11 | $5794.33 | 5.61% | $549,700 | 7.87% |
| 2023-07-11 | $5486.79 | -0.77% | $509,600 | -5.05% |
| 2022-07-11 | $5529.39 | 4.18% | $536,700 | 17.80% |
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Nearby investment properties with comparable prices
Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1956
- Architectural Style: N/A
- Building Area: 1,956
- Living Area: 1,956 sqft
- Property Condition: Average
Features & Amenities
- Heating: Fireplace, Forced Air, Heat Pump, Electric
- Cooling: Forced Air, Heat Pump
- Flooring: Laminate, Carpet
- Interior Features: Bath Off Primary, Ceiling Fan(s), Dining Room
- Exterior Features: N/A
- Parking Features: Attached Garage
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Available, Company: Pierce County Sewer
- Water Source: Public, Company: Lakewood Water
- Road Surface Type: N/A
School Information
- Elementary School: Buyer To Verify
- Middle School: Buyer To Verify
- High School: Buyer To Verify
Listed by: Sharon Oguta • Lookup Realty
Mls Name: NWMLS
Mls Provider:
Mls ID: #2404994
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)