11727 Driver Street SW, Olympia, WA, 98512 | $57/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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11727 Driver Street SW, Olympia, WA, 98512 | $57/mo Cash Flow | 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 Olympia at 11727 Driver Street SW, Olympia, WA, 98512 generates $2,642/mo in rent and, after a $2,105/mo payment, leaves $57/mo in cash flow. Total monthly income is $2,642/mo, and annual cash flow is $682/yr on $142,545 invested. Return on cash invested sits at 20.39% in year one, and rental yield is 7.37% on a $430,000 entry. Equity gained on principal adds $2,775/yr, while 5% annual appreciation builds toward $118,801 over five years. Five-year ROI reaches 105.16% and total cumulative return in cash sums $149,907. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,642/mo property income rather than buyer’s personal income.

Manufactured

Built in 2004

0.51 Acres lot

$N/A/sqft

No HOA

More details about the property

Come see this amazing Property! Three Bedroom, two bathroom home on a half acre lot just south of Tumwater and Olympia, and a part of the Scott Lake Community (offering a golf course, neighborhood lake w/ dock, boat launch, swim area, and large water-front park w/ playground). Home features two Primary sweets with adjacent bathrooms. All new flooring and paint throughout. Updated kitchen includes all new appliances (Fridge, Stove, Dishwasher, and hot water tank). Home also features a big back deck, a 12x20 Shedd, and a small Shedd. Property also lined by trees including an apple and pear tree. Large side parking area for an RV, including a 50 amp hookup, and lots of off street parking. Seller even leaving the riding lawnmower.

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