2300 9th Avenue SW #A5OlympiaWA98502
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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
Rental property for sale in Olympia at 2300 9th Avenue SW #A5, Olympia, WA, 98502 generates $2,048/mo in rent and, after a $1,023/mo payment, leaves $792/mo in cash flow. Total monthly income is $2,048/mo, and annual cash flow is $9,499/yr on $69,284 invested. Return on cash invested sits at 33.62% in year one, and rental yield is 11.76% on a $209,000 entry. Equity gained on principal adds $1,349/yr, while 5% annual appreciation builds toward $57,743 over five years. Five-year ROI reaches 176.17% and total cumulative return in cash sums $122,054. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,048/mo property income rather than buyer’s personal income.
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: Alex Gardner • Van Dorm Realty, Inc
Mls Name: NWMLS
Mls ID: #2426229