8494 Bainbridge Loop 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 8494 Bainbridge Loop NE, Lacey, WA, 98516 generates $2,817/mo in rent, after a $3,059/mo payment. Total monthly income is $2,817/mo. Return on cash invested sits at 14.58% in year one, and rental yield is 5.41% on a $625,000 entry. Equity gained on principal adds $4,033/yr, while 5% annual appreciation builds toward $172,676 over five years. Five-year ROI reaches 73.99% and total cumulative return in cash sums $152,149. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,817/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
4,974 sqft 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: Kim Seevers • Better Properties Real Estate
Mls Name: NWMLS
Mls ID: #2459665