6626 Milano Court SE, Lacey, WA, 98513 | 6.07% Rental Yield

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6626 Milano Court SE, Lacey, WA, 98513 | 6.07% Rental Yield | Ziffy

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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 6626 Milano Court SE, Lacey, WA, 98513 offers a 6.07% rental yield on a $444,950 purchase with $2,250/mo rent. 45% in year one. Equity gained on principal adds $2,871/yr while 5% annual appreciation supports $122,931 over five years. Portfolio math shows five-year ROI at 84.1% and total cumulative return in cash at $124,048. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,250/mo property income against a $2,178/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1997

N/A lot

$N/A/sqft

No HOA

More details about the property

Sorrento: a gated, condo neighborhood! 1715 sq ft, 3 bed, 2.5 bath home with attached 2 car garage. Hardwood floors on the main level, Vaulted living room with French doors, Fireplace with floor to ceiling custom tile and wood mantle. Kitchen is open to the dining and living area, all appliances included. Primary Bedroom on the main with walk-in closet, ensuite bath includes double vanity, soaking tub, shower, and bonus storage. 3rd bedroom loft can be used as a work-from-home office. Beautiful, spacious, easy-care, fenced backyard with waterfall feature. Home is being sold furnished, great for lock and leave winter travel! Clean, well-maintained, move-in ready home. (Specific exclusions of personal items available upon request).

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