9420 Veterans Drive SWLakewoodWA98498
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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 9420 Veterans Drive SW, Lakewood, WA, 98498 listed at $974,500 pairs $3,802/mo rent with a $4,770/mo payment. Total monthly income runs $3,802/mo. Return on cash invested measures 12.36% in year one, and rental yield registers 4.68% at a $974,500 basis. Equity gained on principal adds $6,288/yr, and annual property appreciation at 5% supports $269,236 by year five. Five-year ROI tracks 62.11% and total cumulative return in cash totals $199,130. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,802/mo property income relative to a $4,770/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1979
0.32 Acres 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: David Wheeler • Goldhouse Realty
Mls Name: NWMLS
Mls ID: #2421118