1215 Stillwell 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
Rental property for sale in Olympia at 1215 Stillwell Street NE, Olympia, WA, 98516 generates $2,816/mo in rent, after a $2,374/mo payment. Total monthly income is $2,816/mo. Return on cash invested sits at 19.17% in year one, and rental yield is 6.97% on a $485,000 entry. Equity gained on principal adds $3,130/yr, while 5% annual appreciation builds toward $133,997 over five years. Five-year ROI reaches 98.63% and total cumulative return in cash sums $158,582. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,816/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
9,439 sqft 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: Jessica Kammeyer • Redfin
Mls Name: NWMLS
Mls ID: #2459067