828 Livingston Street NELaceyWA98516
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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 828 Livingston Street NE, Lacey, WA, 98516 priced at $515,000 converts $3,178/mo rent into $82/mo cash flow after a $2,521/mo obligation. Total monthly income equals $3,178/mo, and annual cash flow totals $983/yr on $169,435 invested. Return on cash invested prints 20.64% in year one, and rental yield reads 7.41% against a $515,000 entry. Equity gained on principal adds $3,323/yr, while 5% annual appreciation compiles into $142,285 by year five. Five-year ROI reaches 106.49% and total cumulative return in cash sums $180,433. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,178/mo property income covering a $2,521/mo payment, not borrower’s personal income.
Single Family
Built in 1985
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98516, Olympia, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,914 (100%) |
| Owner Occupied HU | 8,504 (65.9%) |
| Renter Occupied HU | 3,718 (28.8%) |
| Vacant Housing Units | 692 ( 5.4%) |
| Median Home Value | $607,295 |
| Average Home Value | $636,201 |
Housing Distribution
Address Breakdown
Residential
12,784
Single Family
10,957
Multi-Family
1,827
Businesses
682
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Listed by: Meg Spradlin • Van Dorm Realty, Inc
Mls Name: NWMLS
Mls ID: #2461408