1222 Cora Street SELaceyWA98503
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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 Lacey at 1222 Cora Street SE, Lacey, WA, 98503 listed at $369,000 pairs $2,636/mo rent with a $1,806/mo payment to leave $418/mo cash flow. Total monthly income runs $2,636/mo, and annual cash flow reaches $5,015/yr on $122,324 cash to close. Return on cash invested measures 24.01% in year one, and rental yield registers 8.57% at a $369,000 basis. Equity gained on principal adds $2,381/yr, and annual property appreciation at 5% supports $101,948 by year five. Five-year ROI tracks 124.59% and total cumulative return in cash totals $152,403. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,636/mo property income relative to a $1,806/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1995
1,611 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98503, Lacey, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,864 (100%) |
| Owner Occupied HU | 9,569 (53.6%) |
| Renter Occupied HU | 7,421 (41.5%) |
| Vacant Housing Units | 874 ( 4.9%) |
| Median Home Value | $489,421 |
| Average Home Value | $552,195 |
Housing Distribution
Address Breakdown
Residential
17,227
Single Family
14,773
Multi-Family
2,454
Businesses
707
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Listed by: Erik Sirs • Van Dorm Realty, Inc
Mls Name: NWMLS
Mls ID: #2404433