4120 Cashmere Drive NELaceyWA98516
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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
Total monthly income runs $3,791/mo, and a $3,915/mo payment. Purchase price stands at $799,900, and rental yield measures 5.69% with $3,791/mo rent. Return on cash invested shows 14.88% in year one, and 5% annual appreciation builds toward $220,998 over five years. Five-year ROI reaches 75.79% and total cumulative return in cash records $199,464. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,791/mo property income covering a $3,915/mo payment rather than investor’s personal income.
Single Family
Built in 2006
5,497 sqft lot
$N/A/sqft
$119 monthly HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 98516, Olympia, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,914 (100%) |
| Owner Occupied HU | 8,504 (65.9%) |
| Renter Occupied HU | 3,718 (28.8%) |
| Vacant Housing Units | 692 ( 5.4%) |
| Median Home Value | $607,295 |
| Average Home Value | $636,201 |
Housing Distribution
Address Breakdown
Residential
12,784
Single Family
10,957
Multi-Family
1,827
Businesses
682
Price History
Date | Event | Price |
|---|---|---|
| 2025-06-26 | Listed for sale | $799,900 |
| 2020-09-11 | Sold | $555,000 |
| 2020-07-30 | Pending sale | $579,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-26 | $6701.68 | 14.35% | $645,300 | 5.23% |
| 2023-06-26 | $5860.45 | -1.40% | $613,200 | -1.86% |
| 2022-06-26 | $5943.85 | -2.98% | $624,800 | 18.58% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2006
- Architectural Style: Northwest Contemporary
- Building Area: 3,247
- Living Area: 3,247 sqft
- Property Condition: Very Good
Features & Amenities
- Heating: Fireplace, Forced Air, Heat Pump, Electric, Natural Gas
- Cooling: Central Air, Forced Air, Heat Pump
- Flooring: Ceramic Tile, Hardwood, Vinyl, Carpet
- Interior Features: Bath Off Primary, Dining Room, Walk-In Pantry
- Exterior Features: N/A
- Parking Features: Attached Garage
Location
HOA & Fees
- HOA Fee: $119 monthly
- Association Fee: $119 monthly
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Xfinity, Xfinity
- Sewer: Sewer Connected, Company: City Lacey
- Water Source: Public, Company: City of Lacey
- Road Surface Type: N/A
School Information
- Elementary School: Buyer To Verify
- Middle School: Buyer To Verify
- High School: Buyer To Verify
Listed by: Geia Roberts • RE/MAX Parkside Affiliates
Mls Name: NWMLS
Mls Provider:
Mls ID: #2398411
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)