What and Where to Buy Investment Properties near Joint Base Lewis McChord

If you are looking for an investment property and you want it to be located near Joint Base Lewis McChord, there are plenty of options available for you, as long as you know what to look for. Lacey is an excellent area to consider and it’s only about 20 minutes away from the base. This is an easy drive and a popular area for military members to purchase and rent homes.

One of the key things to look for when you’re buying a rental property is the ease with which you’ll be able to rent it. You want a house that will rent quickly to good tenants and be easy to manage. Another important component to consider is the amount you’ll be able to charge in rent. You want to make sure your rental income will cover your mortgage and other expenses, such as taxes, insurance and any management fees.

In our experience, we have found that the properties which rent the best are the three bedroom single family homes with between 1,300 and 1,500 square feet of living space. In the Olympia area, you can expect to get $1 per square foot, so that means you’ll have an average monthly rent of $1,300 to $1,500 on a home like that.

Look for a property with easy access to the freeway. There are a lot of neighborhoods in the Hawks Prairie area that have become a popular spot for property investors. Those homes are reasonably priced and there is a real diversity of inventory.

We specialize in helping investors find the best homes to purchase for rental purposes. If you are looking to purchase property that is close to Joint Base Lewis McChord, please contact us at Capital Properties, and we would be happy to help you find just the right house.