5218 Emerald Street SELaceyWA98513
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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 5218 Emerald Street SE, Lacey, WA, 98513 earns from $3,267/mo rent with a $3,353/mo payment. Total monthly income totals $3,267/mo. ROI tracks 15.2% on current figures, and rental yield reads 5.72% at a $685,000 purchase. Equity gained on principal adds $4,420/yr, and 5% annual appreciation supports $189,253 over five years. Five-year ROI reaches 77.45% and total cumulative return in cash sums $174,550. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,267/mo property income instead of your personal income.
Single Family
Built in 2016
8,812 sqft lot
$N/A/sqft
$60 monthly HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 98513, Olympia, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,819 (100%) |
| Owner Occupied HU | 11,004 (69.6%) |
| Renter Occupied HU | 4,082 (25.8%) |
| Vacant Housing Units | 733 ( 4.6%) |
| Median Home Value | $550,463 |
| Average Home Value | $601,450 |
Housing Distribution
Address Breakdown
Residential
13,648
Single Family
13,264
Multi-Family
384
Businesses
71
Price History
Date | Event | Price |
|---|---|---|
| 2025-06-04 | Sold | $685,000 |
| 2025-05-14 | Pending sale | $670,000 |
| 2025-05-08 | Listed for sale | $670,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-19 | $5766.28 | 6.28% | $555,100 | -2.20% |
| 2023-10-19 | $5425.39 | 10.23% | $567,600 | 9.74% |
| 2022-10-19 | $4921.90 | -7.92% | $517,200 | 12.53% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2016
- Architectural Style: See Remarks
- Building Area: 2,206
- Living Area: 2,206 sqft
- Property Condition: Very Good
Features & Amenities
- Heating: Fireplace, 90%+ High Efficiency, Forced Air, Electric, Natural Gas
- Cooling: Ductless
- Flooring: Ceramic Tile, Laminate, Carpet
- Interior Features: Bath Off Primary, Ceiling Fan(s), Dining Room, Walk-In Pantry
- Exterior Features: N/A
- Parking Features: Attached Garage
Location
HOA & Fees
- HOA Fee: $60 monthly
- Association Fee: $60 monthly
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Xfinity
- Sewer: Sewer Connected, STEP Sewer, Company: City of Lacey
- Water Source: Public, Company: City of Lacey
- Road Surface Type: N/A
School Information
- Elementary School: Buyer To Verify
- Middle School: Buyer To Verify
- High School: Buyer To Verify
Listed by: Barbara A. Dugaw • Windermere Real Estate Olympia
Mls Name: NWMLS
Mls Provider:
Mls ID: #2363282
Disclaimer: Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2025 NWMLS. All rights are reserved. Disclaimer: The information contained in this listing has not been verified by Zillow, Inc. and should be verified by the buyer. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#39)