2300 9th Avenue SW #A4OlympiaWA98502
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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
Investment Highlights
Investment property for sale in Olympia at 2300 9th Avenue SW #A4, Olympia, WA, 98502 offers a 9.01% rental yield on a $199,900 purchase with $1,501/mo rent. Total monthly income registers $1,501/mo, and a $978/mo payment leaves $300/mo available for distribution. Annual cash flow reaches $3,597/yr on $66,267 to close, and return on cash invested stands at 25.34% in year one. Equity gained on principal adds $1,290/yr while 5% annual appreciation supports $55,229 over five years. Portfolio math shows five-year ROI at 131.72% and total cumulative return in cash at $87,289. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,501/mo property income against a $978/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1969
3,550 sqft 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
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Listed by: Leslie J. Shipe • Coldwell Banker Evergreen
Mls Name: NWMLS
Mls ID: #2464192