4331 Dudley 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
Rental property for sale in Lacey at 4331 Dudley Drive NE, Lacey, WA, 98516 offers $3,988/mo rent that, after a $3,499/mo payment. Total monthly income is $3,988/mo. Return on cash invested measures 18.14% in year one, and rental yield stands at 6.69% at a $714,950 entry. Equity gained on principal adds $4,613/yr while 5% annual appreciation compounds into $197,528 by year five. Five-year ROI records 93.21% and total cumulative return in cash reaches $219,257. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,988/mo property income versus a $3,499/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
3,828 sqft lot
$N/A/sqft
$200 quarterly 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 |
|---|---|---|
| 2020-08-05 | Sold | $484,950 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-20 | N/A | N/A | $657,800 | 5.32% |
| 2023-03-20 | $5969.23 | 0.03% | $624,600 | -0.43% |
| 2022-03-20 | $5967.56 | -1.76% | $627,300 | 20.08% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2020
- Architectural Style: Modern
- Building Area: 2,611
- Living Area: 2,611 sqft
- Property Condition: Good
Features & Amenities
- Heating: Fireplace(s), 90%+ High Efficiency, Forced Air, Heat Pump, Tankless Water Heater
- Cooling: 90%+ High Efficiency, Forced Air, Heat Pump
- Flooring: Laminate, Slate, Vinyl, Carpet, Laminate Hardwood, Wall to Wall Carpet
- Interior Features: Second Primary Bedroom, Bath Off Primary, Ceiling Fan(s), Dining Room, Loft, Walk-In Closet(s)
- Exterior Features: N/A
- Parking Features: Driveway, Attached Garage, Off Street
Location
HOA & Fees
- HOA Fee: $200 quarterly
- Association Fee: $200 quarterly
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Comcast, Xfinity Or Centurylink
- Sewer: Sewer Connected, Company: City of Lacey
- Water Source: Public, Company: City of Lacey
- Road Surface Type: N/A
School Information
- Elementary School: Meadows Elem
- Middle School: Salish Middle
- High School: River Ridge High
Listed by: Jaclyn Messer • eXp Realty
Mls Name: NWMLS
Mls Provider:
Mls ID: #2346385
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)