1003 Chatham Drive SEOlympiaWA98513
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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
Investment Highlights
Investment property for sale in Olympia at 1003 Chatham Drive SE, Olympia, WA, 98513 offers a 8.14% rental yield on a $489,500 purchase with $3,320/mo rent. Total monthly income registers $3,320/mo, and a $2,396/mo payment leaves $377/mo available for distribution. Annual cash flow reaches $4,529/yr on $162,269 to close, and return on cash invested stands at 22.7% in year one. Equity gained on principal adds $3,159/yr while 5% annual appreciation supports $135,240 over five years. Portfolio math shows five-year ROI at 117.58% and total cumulative return in cash at $190,799. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,320/mo property income against a $2,396/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
9,008 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
13,648
Single Family
13,264
Multi-Family
384
Businesses
71
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Listed by: Denise Steigers • Coldwell Banker Evergreen
Mls Name: NWMLS
Mls ID: #2394593