4513 22nd Avenue SELaceyWA98503
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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 4513 22nd Avenue SE, Lacey, WA, 98503 offers a 7.26% rental yield on a $425,000 purchase with $2,570/mo rent. Total monthly income registers $2,570/mo, and a $2,080/mo payment leaves $15/mo available for distribution. Annual cash flow reaches $185/yr on $140,888 to close, and return on cash invested stands at 20.04% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,420 over five years. Portfolio math shows five-year ROI at 103.32% and total cumulative return in cash at $145,565. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,570/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
9,112 sqft 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: Johnny Austin • Wilcox Real Estate
Mls Name: NWMLS
Mls ID: #2429244