1317 Lebanon Street SELaceyWA98503
Nearby investment properties with comparable rents
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 Lacey at 1317 Lebanon Street SE, Lacey, WA, 98503 offers a 8.73% rental yield on a $339,900 purchase with $2,472/mo rent. Total monthly income registers $2,472/mo, and a $1,664/mo payment leaves $428/mo available for distribution. Annual cash flow reaches $5,141/yr on $112,677 to close, and return on cash invested stands at 24.47% in year one. Equity gained on principal adds $2,193/yr while 5% annual appreciation supports $93,908 over five years. Portfolio math shows five-year ROI at 127.11% and total cumulative return in cash at $143,219. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,472/mo property income against a $1,664/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
0.27 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Susan Ritz • Ritz & Company
Mls Name: NWMLS
Mls ID: #2418789