13277 Shoreline Drive 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
Rental property for sale in Olalla at 13277 Shoreline Drive SE, Olalla, WA, 98359 generates $2,346/mo in rent, after a $4,454/mo payment. Total monthly income is $2,346/mo. Return on cash invested sits at 7.54% in year one, and rental yield is 3.09% on a $910,000 entry. Equity gained on principal adds $5,872/yr, while 5% annual appreciation builds toward $251,416 over five years. Five-year ROI reaches 36.23% and total cumulative return in cash sums $108,463. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,346/mo property income rather than buyer’s personal income.
Single Family
Built in 1962
8,712 sqft 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: Jeremy Logar • Keller Williams Rty Tacoma
Mls Name: NWMLS
Mls ID: #2454444