7106 38th Drive 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
Investment property for sale in Lacey at 7106 38th Drive SE, Lacey, WA, 98503 uses $132,269 cash to close to unlock $7,601/yr annual cash flow and $633/mo monthly cash flow. Total monthly income runs $3,032/mo, and a $1,953/mo payment keeps the spread at $633/mo. Purchase price stands at $399,000, and rental yield measures 9.12% with $3,032/mo rent. Return on cash invested shows 25.66% in year one, and 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 133.44% and total cumulative return in cash records $176,498. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,032/mo property income covering a $1,953/mo payment rather than investor’s personal income.
Single Family
Built in 1979
0.28 Acres 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: Katrina Christensen • NextHome Northwest Group
Mls Name: NWMLS
Mls ID: #2465075