4411 Caddyshack Drive NELaceyWA98516
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Nearby investment properties with comparable prices
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 4411 Caddyshack Drive NE, Lacey, WA, 98516 listed at $979,900 pairs $3,766/mo rent with a $4,796/mo payment. Total monthly income runs $3,766/mo. Return on cash invested measures 12.15% in year one, and rental yield registers 4.61% at a $979,900 basis. Equity gained on principal adds $6,323/yr, and annual property appreciation at 5% supports $270,728 by year five. Five-year ROI tracks 60.98% and total cumulative return in cash totals $196,589. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,766/mo property income relative to a $4,796/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2021
8,132 sqft lot
$N/A/sqft
No HOA
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
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Listed by: Kim Rucker • NextHome Northwest Group
Mls Name: NWMLS
Mls ID: #2409482