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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Olympia at 2839 SE Shelburne Way SE, Olympia, WA, 98501 offers $3,322/mo rent that, after a $3,323/mo payment. Total monthly income is $3,322/mo. Return on cash invested measures 15.18% in year one, and rental yield stands at 5.87% at a $678,900 entry. Equity gained on principal adds $4,381/yr while 5% annual appreciation compounds into $187,568 by year five. Five-year ROI records 77.53% and total cumulative return in cash reaches $173,175. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,322/mo property income versus a $3,323/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2016
4,482 sqft lot
$N/A/sqft
$95 monthly HOA
Neighborhood data shown for ZIP Code: 98501, Olympia, WA area.
| 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 |
Residential
20,128
Single Family
17,521
Multi-Family
2,607
Businesses
1,559
Date | Event | Price |
|---|---|---|
| 2025-03-12 | Listed for sale | $678,900 |
| 2016-04-21 | Sold | $352,950 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-13 | N/A | N/A | $644,900 | 6.23% |
| 2023-03-13 | $6347.88 | 0.23% | $607,100 | -4.41% |
| 2022-03-13 | $6333.59 | 3.73% | $635,100 | 24.24% |
Listed by: Jay Hultberg • Virgil Adams Real Estate, Inc.
Mls Name: NWMLS
Mls Provider:
Mls ID: #2330980
Disclaimer: Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2025 NWMLS. All rights are reserved. Disclaimer: The information contained in this listing has not been verified by Zillow, Inc. and should be verified by the buyer. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#39)
