2319 Boxcar Street NE #168OlympiaWA98506
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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 2319 Boxcar Street NE #168, Olympia, WA, 98506 uses $248,393 cash to close to unlock $455/yr annual cash flow and $38/mo monthly cash flow. Total monthly income runs $4,657/mo, and a $3,695/mo payment keeps the spread at $38/mo. Purchase price stands at $754,995, and rental yield measures 7.4% with $4,657/mo rent. Return on cash invested shows 20.24% in year one, and 5% annual appreciation builds toward $208,591 over five years. Five-year ROI reaches 104.5% and total cumulative return in cash records $259,574. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,657/mo property income covering a $3,695/mo payment rather than investor’s personal income.
Single Family
Built in 2025
5,022 sqft lot
$N/A/sqft
$81 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98506, Olympia, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,575 (100%) |
| Owner Occupied HU | 5,252 (61.2%) |
| Renter Occupied HU | 3,001 (35.0%) |
| Vacant Housing Units | 322 ( 3.8%) |
| Median Home Value | $598,942 |
| Average Home Value | $672,860 |
Housing Distribution
Address Breakdown
Residential
8,579
Single Family
7,356
Multi-Family
1,223
Businesses
519
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Listed by: Kevin Pier • D.R. Horton
Mls Name: NWMLS
Mls Provider:
Mls ID: #2455025
Disclaimer: Based on information submitted to the MLS GRID as of 2026-01-05 17:39:01 PST. 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)