4409 4411 21st Court SE, Lacey, WA, 98503 | 3.98% Rental Yield

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4409 4411 21st Court SE, Lacey, WA, 98503 | 3.98% Rental Yield | Ziffy

For Sale

Currently Rented

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Lacey at 4409 4411 21st Court SE, Lacey, WA, 98503 generates $2,156/mo in rent, after a $3,181/mo payment. Total monthly income is $2,156/mo. Return on cash invested sits at 10.24% in year one, and rental yield is 3.98% on a $649,950 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation builds toward $179,569 over five years. Five-year ROI reaches 50.71% and total cumulative return in cash sums $108,430. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,156/mo property income rather than buyer’s personal income.

Multi Family

Built in 1962

8,637 sqft lot

$N/A/sqft

No HOA

More details about the property

Rare opportunity in Laceytwo detached single-family homes on one lot, each with its own charm and privacy. Both homes are currently rented, offering consistent occupancy and strong cash flow with an estimated 6.3% cap rate. One tenant is long-term, adding stability to this solid income-producing property. Located in a desirable area close to amenities, this is a smart addition to any investors portfolio. Whether you're growing your rental holdings or seeking a low-maintenance investment, this unique setup delivers dependable returns in a high-demand market.

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