205 Serene View (lot 02) Place NW, Olympia, WA, 98502 | $157/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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205 Serene View (lot 02) Place NW, Olympia, WA, 98502 | $157/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Olympia at 205 Serene View (lot 02) Place NW, Olympia, WA, 98502 offers a 7.55% rental yield on a $567,700 purchase with $3,570/mo rent. Total monthly income registers $3,570/mo, and a $2,779/mo payment leaves $157/mo available for distribution. Annual cash flow reaches $1,885/yr on $186,773 to close, and return on cash invested stands at 21.07% in year one. Equity gained on principal adds $3,663/yr while 5% annual appreciation supports $156,845 over five years. Portfolio math shows five-year ROI at 108.82% and total cumulative return in cash at $203,243. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,570/mo property income against a $2,779/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2025

4,499 sqft lot

$N/A/sqft

No HOA

More details about the property

Build your dream home at Olympic Springs! This 2,070 square foot, 4-bedroom two-story plan offers open concept living on the main floor and the rare opportunity to personalize from the ground up. Choose your structural optionslike a covered patio or deluxe primary bathroomthen personalize every finish in our Design Studio, from flooring and countertops to fixtures and hardware. No other builder in this price range gives you this level of choice. Conveniently located off Harrison Ave near Capital Mall, Yauger Park, and Downtown Olympia, Olympic Springs offers style, efficiency, and lasting valueENERGY STAR certified and backed by a 10-year limited warranty. At KB Home, we see you. We don't just build homes; we build YOUR home.

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