6635 Millstone Lane SE #D104LaceyWA98513
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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 6635 Millstone Lane SE #D104, Lacey, WA, 98513 offers a 9.45% rental yield on a $375,000 purchase with $2,952/mo rent. Total monthly income registers $2,952/mo, and a $1,835/mo payment leaves $698/mo available for distribution. Annual cash flow reaches $8,379/yr on $124,313 to close, and return on cash invested stands at 26.65% in year one. Equity gained on principal adds $2,420/yr while 5% annual appreciation supports $103,606 over five years. Portfolio math shows five-year ROI at 138.77% and total cumulative return in cash at $172,503. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,952/mo property income against a $1,835/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1997
4,795 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: Ashley Nicole Lauilefue • eXp Realty
Mls Name: NWMLS
Mls ID: #2474915