1700 Lake Park Drive SW #2TumwaterWA98512
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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 #2, Tumwater, WA, 98512 listed at $250,000 pairs $2,230/mo rent with a $1,224/mo payment to leave $727/mo cash flow. Total monthly income runs $2,230/mo, and annual cash flow reaches $8,722/yr on $82,875 cash to close. Return on cash invested measures 30.43% in year one, and rental yield registers 10.7% at a $250,000 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,070 by year five. Five-year ROI tracks 159.04% and total cumulative return in cash totals $131,806. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,230/mo property income relative to a $1,224/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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: #2464954