158 Veranda Lane SE UNIT 49OlympiaWA98513
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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 Olympia at 158 Veranda Lane SE UNIT 49, Olympia, WA, 98513 offers a 6.36% rental yield on a $619,950 purchase with $3,288/mo rent. 41% in year one. Equity gained on principal adds $4,000/yr while 5% annual appreciation supports $171,281 over five years. Portfolio math shows five-year ROI at 89.2% and total cumulative return in cash at $181,931. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,288/mo property income against a $3,034/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
3,889 sqft lot
$N/A/sqft
$145 annually HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2025-03-28 | Listed for sale | $619,950 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2025
- Architectural Style: Craftsman
- Building Area: 2,213
- Living Area: 2,213 sqft
- Property Condition: Very Good
Features & Amenities
- Heating: 90%+ High Efficiency
- Cooling: 90%+ High Efficiency
- Flooring: Ceramic Tile, Laminate, Carpet, Wall to Wall Carpet
- Interior Features: Bath Off Primary, Dining Room, Loft, Walk-In Closet(s), Walk-In Pantry
- Exterior Features: N/A
- Parking Features: Attached Garage
Location
HOA & Fees
- HOA Fee: $145 annually
- Association Fee: $145 annually
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Sewer Connected
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: Meadows Elem
- Middle School: Salish Middle
- High School: River Ridge High
Listed by: Sarah Carr • Lennar Sales Corp.
Mls Name: NWMLS
Mls Provider:
Mls ID: #2352005
Disclaimer: Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2025 NWMLS. All rights are reserved. Disclaimer: The information contained in this listing has not been verified by Zillow, Inc. and should be verified by the buyer. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#39)