3805 College Street SE #16LaceyWA98503
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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 3805 College Street SE #16, Lacey, WA, 98503 uses $46,377 cash to close to unlock $3,321/yr annual cash flow and $277/mo monthly cash flow. Total monthly income runs $1,118/mo, and a $685/mo payment keeps the spread at $277/mo. Purchase price stands at $139,900, and rental yield measures 9.59% with $1,118/mo rent. Return on cash invested shows 27.07% in year one, and 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 141.05% and total cumulative return in cash records $65,415. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,118/mo property income covering a $685/mo payment rather than investor’s personal income.
Manufactured
Built in 1986
N/A 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: Natalie Buckey • Riley Jackson Real Estate Inc.
Mls Name: NWMLS
Mls ID: #2433644