1700 Lake Park Drive SW #1TumwaterWA98512
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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 1700 Lake Park Drive SW #1, Tumwater, WA, 98512 offers a 10.7% rental yield on a $250,000 purchase with $2,230/mo rent. Total monthly income registers $2,230/mo, and a $1,224/mo payment leaves $727/mo available for distribution. Annual cash flow reaches $8,722/yr on $82,875 to close, and return on cash invested stands at 30.43% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 159.04% and total cumulative return in cash at $131,806. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,230/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1984
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: Michelle Guykema • Keller Williams Realty
Mls Name: NWMLS
Mls ID: #2458163