5901 Colorado Avenue SE, Lacey, WA, 98513 | $279/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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5901 Colorado Avenue SE, Lacey, WA, 98513 | $279/mo Cash Flow | 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 5901 Colorado Avenue SE, Lacey, WA, 98513 listed at $500,000 pairs $3,284/mo rent with a $2,447/mo payment to leave $279/mo cash flow. Total monthly income runs $3,284/mo, and annual cash flow reaches $3,344/yr on $165,750 cash to close. Return on cash invested measures 21.93% in year one, and rental yield registers 7.88% at a $500,000 basis. Equity gained on principal adds $3,226/yr, and annual property appreciation at 5% supports $138,141 by year five. Five-year ROI tracks 113.42% and total cumulative return in cash totals $188,000. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,284/mo property income relative to a $2,447/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 2007

4,491 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautifully maintained 4-bedroom, 2.5-bathroom corner lot home in desirable Horizon Point! Light and bright with fresh interior paint, recent exterior updates, and A/C. Open-concept layout features a cozy gas fireplace with tile surround and a welcoming covered front porch. The fully fenced backyard offers great space for relaxing or entertaining. Home has been meticulously cared for and offers comfort, style, and convenience in a vibrant community close to parks, schools, and amenities. Don't miss your chance to make this gem yours.

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