5231 Mountain Greens Lane SE #292LaceyWA98503
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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 5231 Mountain Greens Lane SE #292, Lacey, WA, 98503 offers a 9.44% rental yield on a $129,950 purchase with $1,022/mo rent. Total monthly income registers $1,022/mo, and a $636/mo payment leaves $241/mo available for distribution. Annual cash flow reaches $2,891/yr on $43,078 to close, and return on cash invested stands at 26.62% in year one. Equity gained on principal adds $839/yr while 5% annual appreciation supports $35,903 over five years. Portfolio math shows five-year ROI at 138.61% and total cumulative return in cash at $59,711. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,022/mo property income against a $636/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1984
113.26 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: Jennifer Case • Realty ONE Group All Stars
Mls Name: NWMLS
Mls ID: #2458335