1106 Neil Street NEOlympiaWA98516
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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 1106 Neil Street NE, Olympia, WA, 98516 earns from $2,408/mo rent with a $8,299/mo payment. Total monthly income totals $2,408/mo. ROI tracks 3.37% on current figures, and rental yield reads 1.7% at a $1,695,500 purchase. Equity gained on principal adds $10,941/yr, and 5% annual appreciation supports $468,435 over five years. Five-year ROI reaches 13.79% and total cumulative return in cash sums $75,754. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,408/mo property income instead of your personal income.
Multi Family
Built in 1973
0.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98516, Olympia, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,914 (100%) |
| Owner Occupied HU | 8,504 (65.9%) |
| Renter Occupied HU | 3,718 (28.8%) |
| Vacant Housing Units | 692 ( 5.4%) |
| Median Home Value | $607,295 |
| Average Home Value | $636,201 |
Housing Distribution
Address Breakdown
Residential
12,784
Single Family
10,957
Multi-Family
1,827
Businesses
682
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Listed by: Jeff Pollock • Skyline Properties, Inc.
Mls Name: NWMLS
Mls ID: #2436644