The property at 6961 Flute St SE in Lacey, WA, with 3 bedrooms and 2.5 baths, has a monthly rental potential of $2,750 to $2,895. This aligns with Lacey's competitive rental market, where median rents for similar homes are around $2,444 to $2,867. The location in the Horizons neighborhood, known for its stability and amenities, enhances its appeal. The payback period for the property's valuation of approximately $518,000 would range from 15 to 16 years based on rental income. Built in 2008, its modern features, forced air heating, and wood siding make it attractive, but its smaller lot size (4,097 sq. ft.) might limit appeal to families.
To maximize rental income, the property could benefit from updates such as fresh paint, energy-efficient appliances, and landscaping enhancements. If selling, emphasizing its prime location in Horizons, competitive rental potential, and relatively modern construction would appeal to investors. Offering it as a turnkey rental property with a stable tenant in place could also boost its marketability.