1901 Cranberry Lane SE #88OlympiaWA98503
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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 1901 Cranberry Lane SE #88, Olympia, WA, 98503 earns $1,513/mo cash flow from $2,942/mo rent with a $1,126/mo payment. Total monthly income totals $2,942/mo, and annual cash flow totals $18,158/yr on $76,245 capital. ROI tracks 43.72% on current figures, and rental yield reads 15.35% at a $230,000 purchase. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,545 over five years. Five-year ROI reaches 230.64% and total cumulative return in cash sums $175,855. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,942/mo property income instead of your personal income.
Manufactured
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98503, Lacey, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,864 (100%) |
| Owner Occupied HU | 9,569 (53.6%) |
| Renter Occupied HU | 7,421 (41.5%) |
| Vacant Housing Units | 874 ( 4.9%) |
| Median Home Value | $489,421 |
| Average Home Value | $552,195 |
Housing Distribution
Address Breakdown
Residential
17,227
Single Family
14,773
Multi-Family
2,454
Businesses
707
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Listed by: Sherri Rimpler • Patina Realty, LLC
Mls Name: NWMLS
Mls Provider:
Mls ID: #2374486
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-26 04:44:37 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#39)