1321 Chestnut Street SEOlympiaWA98501
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Nearby investment properties with comparable prices
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 1321 Chestnut Street SE, Olympia, WA, 98501 earns $261/mo cash flow from $3,326/mo rent with a $2,496/mo payment. Total monthly income totals $3,326/mo, and annual cash flow totals $3,127/yr on $167,757 capital. ROI tracks 21.92% on current figures, and rental yield reads 7.83% at a $509,900 purchase. Equity gained on principal adds $3,290/yr, and 5% annual appreciation supports $140,876 over five years. Five-year ROI reaches 113.39% and total cumulative return in cash sums $190,220. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,326/mo property income instead of your personal income.
Single Family
Built in 1929
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98501, Olympia, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,322 (100%) |
| Owner Occupied HU | 12,616 (59.2%) |
| Renter Occupied HU | 7,848 (36.8%) |
| Vacant Housing Units | 858 ( 4.0%) |
| Median Home Value | $574,804 |
| Average Home Value | $591,558 |
Housing Distribution
Address Breakdown
Residential
20,128
Single Family
17,521
Multi-Family
2,607
Businesses
1,559
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Listed by: Kyle Graham • Dove Realty, Inc.
Mls Name: NWMLS
Mls ID: #2430536