2517 Lincoln Avenue SEOlympiaWA98501
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2517 Lincoln Avenue SE, Olympia, WA, 98501 offers a 8.11% rental yield on a $378,500 purchase with $2,557/mo rent. Total monthly income registers $2,557/mo, and a $1,853/mo payment leaves $281/mo available for distribution. Annual cash flow reaches $3,376/yr on $125,473 to close, and return on cash invested stands at 22.6% in year one. Equity gained on principal adds $2,442/yr while 5% annual appreciation supports $104,573 over five years. Portfolio math shows five-year ROI at 117.05% and total cumulative return in cash at $146,866. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,557/mo property income against a $1,853/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
8,289 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98501, Olympia, WA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
20,128
Single Family
17,521
Multi-Family
2,607
Businesses
1,559
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Deborah Dunham-Bouis • Olympic Sotheby's Int'l Realty
Mls Name: NWMLS
Mls ID: #2405089