6703 5th Way SELaceyWA98503
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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 6703 5th Way SE, Lacey, WA, 98503 generates $1,972/mo in rent, after a $1,850/mo payment. Total monthly income is $1,972/mo. Return on cash invested sits at 17.04% in year one, and rental yield is 6.26% on a $378,000 entry. Equity gained on principal adds $2,439/yr, while 5% annual appreciation builds toward $104,434 over five years. Five-year ROI reaches 87.18% and total cumulative return in cash sums $109,245. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,972/mo property income rather than buyer’s personal income.
Manufactured
Built in 1986
8,167 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98503, Lacey, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,864 (100%) |
| Owner Occupied HU | 9,569 (53.6%) |
| Renter Occupied HU | 7,421 (41.5%) |
| Vacant Housing Units | 874 ( 4.9%) |
| Median Home Value | $489,421 |
| Average Home Value | $552,195 |
Housing Distribution
Address Breakdown
Residential
17,227
Single Family
14,773
Multi-Family
2,454
Businesses
707
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Listed by: John Stormans • Olympic Sotheby's Int'l Realty
Mls Name: NWMLS
Mls ID: #2411146