12433 Carriage Place SEOlallaWA98359
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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 Olalla at 12433 Carriage Place SE, Olalla, WA, 98359 uses $155,474 cash to close to unlock $1,959/yr annual cash flow and $163/mo monthly cash flow. Total monthly income runs $2,983/mo, and a $2,296/mo payment keeps the spread at $163/mo. Purchase price stands at $469,000, and rental yield measures 7.63% with $2,983/mo rent. Return on cash invested shows 21.17% in year one, and 5% annual appreciation builds toward $129,576 over five years. Five-year ROI reaches 109.37% and total cumulative return in cash records $170,047. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,983/mo property income covering a $2,296/mo payment rather than investor’s personal income.
Manufactured
Built in 1990
2.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98359, Olalla, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,043 (100%) |
| Owner Occupied HU | 1,724 (84.4%) |
| Renter Occupied HU | 227 (11.1%) |
| Vacant Housing Units | 92 ( 4.5%) |
| Median Home Value | $682,055 |
| Average Home Value | $770,727 |
Housing Distribution
Address Breakdown
Residential
1,757
Single Family
1,757
Multi-Family
0
Businesses
109
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Listed by: Rhonni Meehan • Windermere Prof Partners
Mls Name: NWMLS
Mls ID: #2475826