1106 Irving Street SW #A&B, Tumwater, WA, 98512 | 4.59% Rental Yield

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1106 Irving Street SW #A&B, Tumwater, WA, 98512 | 4.59% 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 Tumwater at 1106 Irving Street SW #A&B, Tumwater, WA, 98512 generates $2,772/mo in rent, after a $3,549/mo payment. Total monthly income is $2,772/mo. Return on cash invested sits at 12.08% in year one, and rental yield is 4.59% on a $725,000 entry. Equity gained on principal adds $4,678/yr, while 5% annual appreciation builds toward $200,304 over five years. Five-year ROI reaches 60.58% and total cumulative return in cash sums $144,509. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,772/mo property income rather than buyer’s personal income.

Multi Family

Built in N/A

9,034 sqft lot

$N/A/sqft

No HOA

More details about the property

Exceptional custom-built duplex in Tumwatera rare opportunity for investors or owner-occupants seeking a turnkey, income-producing property with strong rental history. Each side offers the comfort and privacy of a single-family home, featuring spacious layouts, private fenced yards, storage sheds, decks, and one-car garages. Unit A includes 4 bed /2 bath; Unit B features 3 bed/2 bath. Both units include natural gas fireplaces, open living areas, and laminate flooring. Situated on a large lot with a greenbelt buffer and quiet private street, yet close to I-5, shopping, schools, and all city amenities. Built in 2001 with solid construction and recent updates, including newer roofing, this property has a 0% vacancy rate.

Neighborhood Data

Neighborhood data shown for ZIP Code: 98512, Olympia, WA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,604 (100%)
Owner Occupied HU	9,222 (67.8%)
Renter Occupied HU	3,991 (29.3%)
Vacant Housing Units	391 ( 2.9%)
Median Home Value	$566,641
Average Home Value	$597,686