Cedar II Plan, Ovation at Oak Tree, Lacey, WA, 98513 | 6.13% Rental Yield

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Cedar II Plan, Ovation at Oak Tree, Lacey, WA, 98513 | 6.13% Rental Yield | 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

Rental property for sale in Lacey at Cedar II Plan, Ovation at Oak Tree, Lacey, WA, 98513 generates $3,094/mo in rent, after a $2,966/mo payment. Total monthly income is $3,094/mo. Return on cash invested sits at 16.76% in year one, and rental yield is 6.13% on a $605,999 entry. Equity gained on principal adds $3,910/yr, while 5% annual appreciation builds toward $167,426 over five years. Five-year ROI reaches 85.68% and total cumulative return in cash sums $170,819. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,094/mo property income rather than buyer’s personal income.

Single Family

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

Located in 55+ active lifestyle community Ovation at Oak Tree, the Cedar II is a captivating home with 2 bedrooms, a flex room, and a spacious walk-in closet in the primary suite. The spacious great room opens seamlessly to a covered patio, a dining area, and a kitchen with an oversized island. Gather, chat, and laugh here! Towards the front of the home is a 2-car garage with an entry, a laundry room, an additional bathroom, and an inviting foyer. And, you have options! Optional study in place of the flex room Optional shower and tub in the primary bathroom Optional deluxe shower in the primary bathroom

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