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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Lacey at 1924 Sorrel Lane SE, Lacey, WA, 98503 generates $1,945/mo in rent and, after a $1,368/mo payment, leaves $265/mo in cash flow. Total monthly income is $1,945/mo, and annual cash flow is $3,180/yr on $92,621 invested. Return on cash invested sits at 23.34% in year one, and rental yield is 8.35% on a $279,400 entry. Equity gained on principal adds $1,803/yr, while 5% annual appreciation builds toward $77,193 over five years. Five-year ROI reaches 121.01% and total cumulative return in cash sums $112,080. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,945/mo property income rather than buyer’s personal income.
Manufactured
Built in 1999
113.26 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 98503, Lacey, WA area.
| 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 |
Residential
17,227
Single Family
14,773
Multi-Family
2,454
Businesses
707
Date | Event | Price |
|---|---|---|
| 2025-05-29 | Listed for sale | $279,400 |
| 2003-10-02 | Sold | $145,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-29 | N/A | N/A | $241,500 | 4.36% |
| 2023-05-29 | $2206.38 | 507.47% | $231,400 | 2.75% |
| 2022-05-29 | $363.21 | -11.01% | $225,200 | 14.49% |
Listed by: Cheri Wilkins • eXp Realty
Mls Name: NWMLS
Mls Provider:
Mls ID: #2374146
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)
