2517 Prospect Avenue NEOlympiaWA98506
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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 2517 Prospect Avenue NE, Olympia, WA, 98506 offers a 11.23% rental yield on a $310,800 purchase with $2,908/mo rent. Total monthly income registers $2,908/mo, and a $1,521/mo payment leaves $1,040/mo available for distribution. Annual cash flow reaches $12,479/yr on $103,030 to close, and return on cash invested stands at 32.02% in year one. Equity gained on principal adds $2,006/yr while 5% annual appreciation supports $85,868 over five years. Portfolio math shows five-year ROI at 167.55% and total cumulative return in cash at $172,627. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,908/mo property income against a $1,521/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1985
4,199 sqft lot
$N/A/sqft
No 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: Cari L Franklin • John L. Scott Federal Way
Mls Name: NWMLS
Mls ID: #2472369