5014 Kenrick Street SE, Lacey, WA, 98503 | 6.58% Rental Yield

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5014 Kenrick Street SE, Lacey, WA, 98503 | 6.58% Rental Yield | Ziffy

For Sale

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

Investment property for sale in Lacey at 5014 Kenrick Street SE, Lacey, WA, 98503 listed at $575,000 pairs $3,155/mo rent with a $2,814/mo payment. Total monthly income runs $3,155/mo. Return on cash invested measures 18.15% in year one, and rental yield registers 6.58% at a $575,000 basis. Equity gained on principal adds $3,710/yr, and annual property appreciation at 5% supports $158,862 by year five. Five-year ROI tracks 93.13% and total cumulative return in cash totals $176,183. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,155/mo property income relative to a $2,814/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 2019

3,402 sqft lot

$N/A/sqft

No HOA

More details about the property

The must-see this well-maintained Lowrey home floor plan which provides 2 floors of generous 2,500 sq ft of living space with 3 bedrooms and 2.5 bathrooms. The main floor boasts a study, a powder room, an open great room w/ fireplace and a well-appointed kitchen that includes a center island, walk-in pantry and adjacent dining area. Upstairs, discover a large loft and three bedrooms, including a spacious primary w/private bath & walk-in closet. Cozy backyard offers ample outdoor space for entertaining and evening BBQ's Community offers parks, sport courts and walking trails. Close to shopping, schools and quick access to I-5 and 25 mins to JBLM Mounts Gate Road (RCF Gate) Home comes with a 1 yr warranty to new home buyer.

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