1500 Lake Park Drive SW #22TumwaterWA98512
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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 Tumwater at 1500 Lake Park Drive SW #22, Tumwater, WA, 98512 earns $395/mo cash flow from $2,794/mo rent with a $1,953/mo payment. Total monthly income totals $2,794/mo, and annual cash flow totals $4,745/yr on $132,269 capital. ROI tracks 23.5% on current figures, and rental yield reads 8.4% at a $399,000 purchase. Equity gained on principal adds $2,575/yr, and 5% annual appreciation supports $110,236 over five years. Five-year ROI reaches 121.86% and total cumulative return in cash sums $161,186. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,794/mo property income instead of your personal income.
Condo
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98512, Olympia, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,604 (100%) |
| Owner Occupied HU | 9,222 (67.8%) |
| Renter Occupied HU | 3,991 (29.3%) |
| Vacant Housing Units | 391 ( 2.9%) |
| Median Home Value | $566,641 |
| Average Home Value | $597,686 |
Housing Distribution
Address Breakdown
Residential
12,888
Single Family
11,031
Multi-Family
1,857
Businesses
506
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Listed by: Patricia Miller • RE/MAX Parkside Affiliates
Mls Name: NWMLS
Mls ID: #2425050