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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 2931 (Lot 06) 6th Avenue NE, Olympia, WA, 98506 generates $2,154/mo in rent, after a $2,839/mo payment. Total monthly income is $2,154/mo. Return on cash invested sits at 11.31% in year one, and rental yield is 4.46% on a $579,990 entry. Equity gained on principal adds $3,743/yr, while 5% annual appreciation builds toward $160,241 over five years. Five-year ROI reaches 56.63% and total cumulative return in cash sums $108,053. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,154/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
3,937 sqft lot
$N/A/sqft
$58 monthly HOA
Neighborhood data shown for ZIP Code: 98506, Olympia, WA area.
| 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 |
Residential
8,579
Single Family
7,356
Multi-Family
1,223
Businesses
519
Date | Event | Price |
|---|---|---|
| 2025-04-26 | Listed for sale | $579,990 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Robin R. Bader • BMC Realty Advisors Inc
Mls Name: NWMLS
Mls Provider:
Mls ID: #2366093
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)
