1546 Reservation Road SE #73OlympiaWA98513
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe headline number at 1546 Reservation Road SE #73, Olympia, WA, 98513 in Olympia is the 1.69 coverage ratio: rent of $973/mo versus a $576/mo debt payment on a $128,000 property. Rental yield 9.12%. That margin is what gives Ziffy Mortgage's DSCR loan the coverage it needs for a clean, fast approval, no W-2s, no U.S. residency. Appreciation at 5%/yr projects $35,364 by year five, with $1,179/yr in equity from paydown. Total projected cumulative return: $61,568.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 5.5% |
| Monthly Cash Flow | $(146) | $1,850 |
City averages based on Olympia market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $973 |
| Total Monthly Debt Service | $718 |
| DSCR Ratio | 1.35x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1980
2,970 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98513, Olympia, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,819 (100%) |
| Owner Occupied HU | 11,004 (69.6%) |
| Renter Occupied HU | 4,082 (25.8%) |
| Vacant Housing Units | 733 ( 4.6%) |
| Median Home Value | $550,463 |
| Average Home Value | $601,450 |
Housing Distribution
Address Breakdown
Residential
13,648
Single Family
13,264
Multi-Family
384
Businesses
71
Nearby investment properties with comparable rents
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
Condo
Built in 1980
2,970 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98513, Olympia, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,819 (100%) |
| Owner Occupied HU | 11,004 (69.6%) |
| Renter Occupied HU | 4,082 (25.8%) |
| Vacant Housing Units | 733 ( 4.6%) |
| Median Home Value | $550,463 |
| Average Home Value | $601,450 |
Housing Distribution
Address Breakdown
Residential
13,648
Single Family
13,264
Multi-Family
384
Businesses
71
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Pamela Cameron • Wilcox Real Estate
Mls Name: NWMLS
Mls ID: #2470060