217 N 7th Avenue SW, Tumwater, WA, 98512 | 6.61% Rental Yield

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Price: $300K - 500K

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217 N 7th Avenue SW, Tumwater, WA, 98512 | 6.61% Rental Yield | 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

Rental property for sale in Tumwater at 217 N 7th Avenue SW, Tumwater, WA, 98512 generates $3,029/mo in rent, after a $2,691/mo payment. Total monthly income is $3,029/mo. Return on cash invested sits at 18.23% in year one, and rental yield is 6.61% on a $549,900 entry. Equity gained on principal adds $3,548/yr, while 5% annual appreciation builds toward $151,927 over five years. Five-year ROI reaches 93.56% and total cumulative return in cash sums $169,262. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,029/mo property income rather than buyer’s personal income.

Single Family

Built in 1986

7,200 sqft lot

$N/A/sqft

No HOA

More details about the property

Discover NW Contemporary design, a view enhanced elevated setting and a fabulous Tumwater Hill location to end your search for a dynamic, convenient, urban but private home. Invitingly perched above the street with territorial views, this 1740 sq/ft, 3bdrm/2bath custom plan offers timeless materials and solid construction atop a huge, 1008 s/ft garage/shop. Rich wood floors, plush carpet and an era-designer kitchen with clever cabinet spaces and fun tile finishes, accent the easy-flow, great room surrounded by handsome walls of windows. View the easy routes to I-5/101 commutes, parks, gyms, golf clubs, state offices, eateries and more from the remodeled deck. A fully fenced yard with level spaces and brand new roof crown this rare find.

Neighborhood Data

Neighborhood data shown for ZIP Code: 98512, Olympia, WA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,604 (100%)
Owner Occupied HU	9,222 (67.8%)
Renter Occupied HU	3,991 (29.3%)
Vacant Housing Units	391 ( 2.9%)
Median Home Value	$566,641
Average Home Value	$597,686