6625 STEAMER Drive 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
Rental property for sale in Lacey at 6625 STEAMER Drive SE, Lacey, WA, 98513 generates $2,660/mo in rent, after a $2,264/mo payment. Total monthly income is $2,660/mo. Return on cash invested sits at 18.97% in year one, and rental yield is 6.9% on a $462,500 entry. Equity gained on principal adds $2,984/yr, while 5% annual appreciation builds toward $127,780 over five years. Five-year ROI reaches 97.55% and total cumulative return in cash sums $149,562. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,660/mo property income rather than buyer’s personal income.
Single Family
Built in 2002
3,075 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
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Listed by: Peter Henry • Networks Real Estate LLC
Mls Name: NWMLS
Mls ID: #2466293