2024 Lorraine Drive SEOlympiaWA98501
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2024 Lorraine Drive SE, Olympia, WA, 98501 with 5% annual appreciation on a $667,500 basis while $3,184/mo rent supports operations. 53% in year one. Equity gained on principal adds $4,307/yr, and five-year appreciation sums $184,418 alongside rental yield of 5.72%. Five-year ROI measures 79.11% and total cumulative return in cash totals $173,736. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,184/mo property income versus a $3,267/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1977
2.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98501, Olympia, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,322 (100%) |
| Owner Occupied HU | 12,616 (59.2%) |
| Renter Occupied HU | 7,848 (36.8%) |
| Vacant Housing Units | 858 ( 4.0%) |
| Median Home Value | $574,804 |
| Average Home Value | $591,558 |
Housing Distribution
Address Breakdown
Residential
20,128
Single Family
17,521
Multi-Family
2,607
Businesses
1,559
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jason Clifford Suess • eXp Realty
Mls Name: NWMLS
Mls ID: #2477372