1910 Evergreen Park Drive SW #905OlympiaWA98502
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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 1910 Evergreen Park Drive SW #905, Olympia, WA, 98502 earns $418/mo cash flow from $1,986/mo rent with a $1,277/mo payment. Total monthly income totals $1,986/mo, and annual cash flow totals $5,011/yr on $86,505 capital. ROI tracks 25.7% on current figures, and rental yield reads 9.13% at a $260,950 purchase. Equity gained on principal adds $1,684/yr, and 5% annual appreciation supports $72,096 over five years. Five-year ROI reaches 133.69% and total cumulative return in cash sums $115,648. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,986/mo property income instead of your personal income.
Condo
Built in 1973
2,888 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98502, Olympia, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,410 (100%) |
| Owner Occupied HU | 8,622 (52.5%) |
| Renter Occupied HU | 6,848 (41.7%) |
| Vacant Housing Units | 940 ( 5.7%) |
| Median Home Value | $624,493 |
| Average Home Value | $686,725 |
Housing Distribution
Address Breakdown
Residential
15,624
Single Family
12,821
Multi-Family
2,803
Businesses
966
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Listed by: Maggie May Willis • Realty One Group Bold
Mls Name: NWMLS
Mls ID: #2450879