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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Olympia at 2219 Yelm Highway SE, Olympia, WA, 98501 generates $3,844/mo in rent, after a $3,314/mo payment. Total monthly income is $3,844/mo. Return on cash invested sits at 18.5% in year one, and rental yield is 6.81% on a $677,000 entry. Equity gained on principal adds $4,369/yr, while 5% annual appreciation builds toward $187,043 over five years. Five-year ROI reaches 95.13% and total cumulative return in cash sums $211,879. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,844/mo property income rather than buyer’s personal income.
Single Family
Built in 1962
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 98501, Olympia, WA area.
| 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 |
Residential
20,128
Single Family
17,521
Multi-Family
2,607
Businesses
1,559
Date | Event | Price |
|---|---|---|
| 2025-09-19 | Sold | $677,000 |
| 2025-08-27 | Pending sale | $693,700 |
| 2025-08-20 | Listed for sale | $693,700 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-26 | $6456.76 | 1431.02% | $620,800 | -0.32% |
| 2023-10-26 | $421.73 | -33.74% | $622,800 | 5.61% |
| 2022-10-26 | $636.46 | -14.28% | $589,700 | 14.71% |
Listed by: CB Bowers • Coldwell Banker Evergreen
Mls Name: NWMLS
Mls Provider:
Mls ID: #2390791
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-25 22:24:10 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#39)
