8608 9th Way SELaceyWA98513
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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 8608 9th Way SE, Lacey, WA, 98513 uses $140,854 cash to close to unlock $3,570/yr annual cash flow and $298/mo monthly cash flow. Total monthly income runs $2,852/mo, and a $2,080/mo payment keeps the spread at $298/mo. Purchase price stands at $424,900, and rental yield measures 8.05% with $2,852/mo rent. Return on cash invested shows 22.44% in year one, and 5% annual appreciation builds toward $117,392 over five years. Five-year ROI reaches 116.21% and total cumulative return in cash records $163,689. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,852/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Single Family
Built in 1978
0.29 Acres 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: Stacy Souci • Kelly Right RE of Seattle LLC
Mls Name: NWMLS
Mls ID: #2464227