4709 7th Avenue 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 4709 7th Avenue NE, Lacey, WA, 98516 generates $3,239/mo in rent and, after a $2,545/mo payment, leaves $54/mo in cash flow. Total monthly income is $3,239/mo, and annual cash flow is $642/yr on $171,080 invested. Return on cash invested sits at 20.44% in year one, and rental yield is 7.47% on a $520,000 entry. Equity gained on principal adds $3,355/yr, while 5% annual appreciation builds toward $143,666 over five years. Five-year ROI reaches 105.56% and total cumulative return in cash sums $180,587. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,239/mo property income rather than buyer’s personal income.
Single Family
Built in 1995
0.28 Acres lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-09-17 | Sold | $520,000 |
| 2025-08-17 | Pending sale | $515,000 |
| 2025-08-17 | Listed for sale | $515,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-27 | $5085.14 | 8.42% | $484,500 | -0.19% |
| 2023-10-27 | $4690.11 | 1.97% | $485,400 | 1.48% |
| 2022-10-27 | $4599.45 | 1.48% | $478,300 | 24.01% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1995
- Architectural Style: N/A
- Building Area: 1,800
- Living Area: 1,800 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Forced Air, Electric, Natural Gas
- Cooling: Heat Pump
- Flooring: Vinyl Plank
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Attached Garage
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Septic Tank
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: Pleasant Glade Elem
- Middle School: Chinook Mid
- High School: North Thurston High
Listed by: Joshua Bellinger • Seattle Works Real Estate
Mls Name: NWMLS
Mls Provider:
Mls ID: #2412855
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-26 21:34:39 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#39)