214 Sherman Street NWOlympiaWA98502
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
Rental property for sale in Olympia at 214 Sherman Street NW, Olympia, WA, 98502 priced at $975,000 converts $3,740/mo rent into after a $4,772/mo obligation. Total monthly income equals $3,740/mo. Return on cash invested prints 12.13% in year one, and rental yield reads 4.6% against a $975,000 entry. Equity gained on principal adds $6,292/yr, while 5% annual appreciation compiles into $269,375 by year five. Five-year ROI reaches 60.85% and total cumulative return in cash sums $195,183. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,740/mo property income covering a $4,772/mo payment, not borrower’s personal income.
Single Family
Built in 1935
0.29 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Andi Rhones Springer • Olympic Sotheby's Int'l Realty
Mls Name: NWMLS
Mls ID: #2475721