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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Olympia at 1935 Summit Lak Shore Road NW, Olympia, WA, 98502 priced at $1,185,000 pairs $2,994/mo rent with after a $5,800/mo payment. Total monthly income equals $2,994/mo. Return on cash invested is 7.46% in year one, and rental yield stands at 3.03% on a $1,185,000 basis. Equity gained on principal adds $7,647/yr, and 5% annual appreciation accumulates to $327,394 by year five. Five-year ROI measures 35.77% and total cumulative return in cash reaches $137,334. For financing, Ziffy Mortgage’s DSCR program evaluates $2,994/mo property income against a $5,800/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2000
7,758 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 98502, Olympia, WA area.
| 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 |
Residential
15,624
Single Family
12,821
Multi-Family
2,803
Businesses
966
Date | Event | Price |
|---|---|---|
| 2025-04-09 | Listed for sale | $1,185,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Christina Keller • Morrison House Sotheby's Intl
Mls Name: NWMLS
Mls Provider:
Mls ID: #2332967
Disclaimer: Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2025 NWMLS. All rights are reserved. Disclaimer: The information contained in this listing has not been verified by Zillow, Inc. and should be verified by the buyer. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#39)
