1405 Fern Street SW, Olympia, WA, 98502 | $181/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1405 Fern Street SW, Olympia, WA, 98502 | $181/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

Investment property for sale in Olympia at 1405 Fern Street SW, Olympia, WA, 98502 listed at $559,000 pairs $3,541/mo rent with a $2,736/mo payment to leave $181/mo cash flow. Total monthly income runs $3,541/mo, and annual cash flow reaches $2,169/yr on $183,911 cash to close. Return on cash invested measures 21.24% in year one, and rental yield registers 7.6% at a $559,000 basis. Equity gained on principal adds $3,607/yr, and annual property appreciation at 5% supports $154,441 by year five. Five-year ROI tracks 109.7% and total cumulative return in cash totals $201,759. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,541/mo property income relative to a $2,736/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 2000

7,148 sqft lot

$N/A/sqft

No HOA

More details about the property

Spacious Westside home with very good flowing floorplan and vaulted ceilings. Four good sized bedrooms on upper level and a very usable office on main level. Great neighborhood with sidewalks and parks nearby. Close to shopping, restaurants, freeways and so many other amenities. This home appears to be a cosmetic fixer, needing paint, flooring, etc and some upgrades - price reflects the work needed. It is priced below tax valuation. There are three car bays, however one bay has been set up for hobbies (photographer's dark room and ceramic kiln room). Fenced in rear yard - it is ideal for pets, backs onto greenbelt. Estate sale - sold as is!

Neighborhood Data

Neighborhood data shown for ZIP Code: 98502, Olympia, WA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,410 (100%)
Owner Occupied HU	8,622 (52.5%)
Renter Occupied HU	6,848 (41.7%)
Vacant Housing Units	940 ( 5.7%)
Median Home Value	$624,493
Average Home Value	$686,725