2713 113th Way SW, Olympia, WA, 98512 | $1,055/mo Cash Flow

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2713 113th Way SW, Olympia, WA, 98512 | $1,055/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Olympia at 2713 113th Way SW, Olympia, WA, 98512 earns $1,055/mo cash flow from $2,828/mo rent with a $1,444/mo payment. Total monthly income totals $2,828/mo, and annual cash flow totals $12,655/yr on $97,793 capital. ROI tracks 32.85% on current figures, and rental yield reads 11.5% at a $295,000 purchase. Equity gained on principal adds $1,904/yr, and 5% annual appreciation supports $81,503 over five years. Five-year ROI reaches 172% and total cumulative return in cash sums $168,206. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,828/mo property income instead of your personal income.

Manufactured

Built in 1977

10,402 sqft lot

$N/A/sqft

No HOA

More details about the property

Wow! Fantastic opportunity in Scott Lake! This spacious manufactured home offers over 1,500 sq ft with 3 bedrooms and 2 baths. Enjoy a huge country kitchen with abundant cabinets, generous counter space, and an eating bar perfect for casual meals. The kitchen opens to a large living room and a separate dining room, ideal for entertaining. Bedrooms 2 and 3 share their own bath, while the private primary suite includes a soaking tub for relaxing. A sliding glass door leads to a covered deck great for gatherings, BBQs, or unwinding outdoors. The property also features two storage sheds for tools & lawn equipment, plus a covered two-car carport with extra room for convenience.

Neighborhood Data

Neighborhood data shown for ZIP Code: 98512, Olympia, WA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,604 (100%)
Owner Occupied HU	9,222 (67.8%)
Renter Occupied HU	3,991 (29.3%)
Vacant Housing Units	391 ( 2.9%)
Median Home Value	$566,641
Average Home Value	$597,686