220 E Olympic Drive, Grapeview, WA, 98546 | $191/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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220 E Olympic Drive, Grapeview, WA, 98546 | $191/mo Cash Flow | Ziffy

For Sale

Airbnb Potential

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 Grapeview at 220 E Olympic Drive, Grapeview, WA, 98546 at $500,000 posts ROI 21.29% with $191/mo cash flow from $3,196/mo rent. Total monthly income equals $3,196/mo, and annual cash flow records $2,288/yr on $165,750 to close. Return on cash invested measures 21.29% and rental yield reads 7.67% at the current $500,000. Equity gained on principal adds $3,226/yr, and 5% annual appreciation supports $138,141 by year five. Five-year ROI prints 110.01% and total cumulative return in cash totals $182,336.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,196/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 1988

7,840 sqft lot

$N/A/sqft

No HOA

More details about the property

The first time you visit Mason Lake, you may never want to leave. Weekends feel longer, summers feel sweeter, and memories made at the waters edge seem to last forever. This home brings that lake lifestyle within reach. Inside, an open floor plan and spacious kitchen with quartz countertops pair beautifully with 2 bedrooms, a flex room PLUS a private studio addition complete with its own kitchen and bath. Step out to the large deck, where you can entertain guests and take in tranquil lake views before heading down to the communitys private lake park with dock, swim area, and boat launch. This cabin-style retreat in Paradise Estates is the perfect second home or weekend getaway. Here, summer doesnt have to endthe lake is always waiting.

Neighborhood Data

Neighborhood data shown for ZIP Code: 98546, Grapeview, WA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,181 (100%)
Owner Occupied HU	1,179 (54.1%)
Renter Occupied HU	173 ( 7.9%)
Vacant Housing Units	829 (38.0%)
Median Home Value	$539,414
Average Home Value	$628,170