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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Lacey at 8821 Shepard Way NE, Lacey, WA, 98516 generates $4,087/mo in rent, after a $3,415/mo payment. Total monthly income is $4,087/mo. Return on cash invested sits at 19.24% in year one, and rental yield is 7.03% on a $697,700 entry. Equity gained on principal adds $4,502/yr, while 5% annual appreciation builds toward $192,762 over five years. Five-year ROI reaches 99.09% and total cumulative return in cash sums $227,462. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,087/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 98516, Olympia, WA area.
| 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 |
Residential
12,784
Single Family
10,957
Multi-Family
1,827
Businesses
682
Date | Event | Price |
|---|---|---|
| 2020-07-14 | Sold | $474,950 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-08 | $6454.84 | 16.00% | $621,500 | 6.75% |
| 2023-10-08 | $5564.66 | -3.30% | $582,200 | -3.75% |
| 2022-10-08 | $5754.83 | -4.33% | $604,900 | 16.93% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
