6305 61st Avenue SELaceyWA98513
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 6305 61st Avenue SE, Lacey, WA, 98513 listed at $515,000 pairs $2,779/mo rent with a $2,521/mo payment. Total monthly income runs $2,779/mo. Return on cash invested measures 17.81% in year one, and rental yield registers 6.48% at a $515,000 basis. Equity gained on principal adds $3,323/yr, and annual property appreciation at 5% supports $142,285 by year five. Five-year ROI tracks 91.33% and total cumulative return in cash totals $154,753. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,779/mo property income relative to a $2,521/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1992
6,686 sqft lot
$N/A/sqft
No HOA
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Matt Brady • BHGRE - Northwest Home Team
Mls Name: NWMLS
Mls ID: #2454401