1804 33rd Avenue NEOlympiaWA98506
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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 1804 33rd Avenue NE, Olympia, WA, 98506 uses $127,628 cash to close to unlock $10,897/yr annual cash flow and $908/mo monthly cash flow. Total monthly income runs $3,222/mo, and a $1,884/mo payment keeps the spread at $908/mo. Purchase price stands at $385,000, and rental yield measures 10.04% with $3,222/mo rent. Return on cash invested shows 28.45% in year one, and 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 148.42% and total cumulative return in cash records $189,418. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,222/mo property income covering a $1,884/mo payment rather than investor’s personal income.
Single Family
Built in 1940
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98506, Olympia, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,575 (100%) |
| Owner Occupied HU | 5,252 (61.2%) |
| Renter Occupied HU | 3,001 (35.0%) |
| Vacant Housing Units | 322 ( 3.8%) |
| Median Home Value | $598,942 |
| Average Home Value | $672,860 |
Housing Distribution
Address Breakdown
Residential
8,579
Single Family
7,356
Multi-Family
1,223
Businesses
519
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Listed by: Jesse Peil • Keller Williams Realty Bothell
Mls Name: NWMLS
Mls ID: #2460390