15503 Cedar Park Road SE #28OlallaWA98359
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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 Olalla at 15503 Cedar Park Road SE #28, Olalla, WA, 98359 listed at $128,000 pairs $993/mo rent with a $627/mo payment to leave $224/mo cash flow. Total monthly income runs $993/mo, and annual cash flow reaches $2,689/yr on $42,432 cash to close. Return on cash invested measures 26.25% in year one, and rental yield registers 9.31% at a $128,000 basis. Equity gained on principal adds $826/yr, and annual property appreciation at 5% supports $35,364 by year five. Five-year ROI tracks 136.71% and total cumulative return in cash totals $58,007. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $993/mo property income relative to a $627/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1965
N/A 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: Daniel Contreras-Rendon • Real Broker LLC
Mls Name: NWMLS
Mls ID: #2418882