Alder II Plan, Ovation at Oak Tree, Lacey, WA, 98513 | $229/mo Cash Flow

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Alder II Plan, Ovation at Oak Tree, Lacey, WA, 98513 | $229/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Lacey at Alder II Plan, Ovation at Oak Tree, Lacey, WA, 98513 with 5% annual appreciation on a $499,999 basis while $3,234/mo rent supports operations. Total monthly income totals $3,234/mo and a $2,447/mo payment preserves $229/mo for cash returns. Annual cash flow comes to $2,744/yr on $165,750 deployed, and return on cash invested reaches 21.56% in year one. Equity gained on principal adds $3,226/yr, and five-year appreciation sums $138,141 alongside rental yield of 7.76%. Five-year ROI measures 111.48% and total cumulative return in cash totals $184,783.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,234/mo property income versus a $2,447/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

An open-concept oasis awaits! Head through the porch and into the foyer to find one bedroom, one bathroom, and a flex room across from the two-car garage and laundry room. With a flex room, you have options! Transform this into a game room, craft space, home gym, and beyond. Further into the home, discover true open-concept living: a modern kitchen with an island flows to a casual dining area, great room, and covered patio, a grand space perfect for hosting. Nestled away is a serene primary suite, a haven from the rest of the home, complete with a roomy walk-in closet and spa-inspired primary bathroom. Relax, unwind, and love every detail of Alder II! Plus, you have options. Choose an electric fireplace in the great room Choose a deluxe shower in the primary bathroom Option for a study in place of the flex room

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