10547 Summit Lake Road NWOlympiaWA98502
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 10547 Summit Lake Road NW, Olympia, WA, 98502 earns from $3,031/mo rent with a $4,527/mo payment. Total monthly income totals $3,031/mo. ROI tracks 10.09% on current figures, and rental yield reads 3.93% at a $924,900 purchase. Equity gained on principal adds $5,968/yr, and 5% annual appreciation supports $255,533 over five years. Five-year ROI reaches 49.92% and total cumulative return in cash sums $151,889. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,031/mo property income instead of your personal income.
Single Family
Built in 1992
6.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98502, Olympia, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,410 (100%) |
| Owner Occupied HU | 8,622 (52.5%) |
| Renter Occupied HU | 6,848 (41.7%) |
| Vacant Housing Units | 940 ( 5.7%) |
| Median Home Value | $624,493 |
| Average Home Value | $686,725 |
Housing Distribution
Address Breakdown
Residential
15,624
Single Family
12,821
Multi-Family
2,803
Businesses
966
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alex Gardner • Van Dorm Realty, Inc
Mls Name: NWMLS
Mls ID: #2465639