2932 8th Avenue NE #24, Olympia, WA, 98506 | 4.1% Rental Yield

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2932 8th Avenue NE #24, Olympia, WA, 98506 | 4.1% Rental Yield | 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 2932 8th Avenue NE #24, Olympia, WA, 98506 listed at $629,990 pairs $2,154/mo rent with a $3,083/mo payment. Total monthly income runs $2,154/mo. Return on cash invested measures 10.61% in year one, and rental yield registers 4.1% at a $629,990 basis. Equity gained on principal adds $4,065/yr, and annual property appreciation at 5% supports $174,055 by year five. Five-year ROI tracks 52.7% and total cumulative return in cash totals $109,231. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,154/mo property income relative to a $3,083/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 2025

3,937 sqft lot

$N/A/sqft

No HOA

More details about the property

PURPLE TAG SALES EVENT*The Rose offers 2,745 sq/ft of well-designed space with 5 bedrooms, 2.25 baths, and a main-floor office/den. Features include quartz countertops in the kitchen and Primary Bath, LVP flooring throughout the main floor, and the Prelude Plus finish package with Espresso cabinets, soft-close, modern style hardware and Century Home Connect technology package. Enjoy beautifully finished front and rear landscaping & covered patio perfect for outdoor living. Located in Pattison Place, surrounded by green pastures and forests, with easy freeway access and close to essentials. Buyersbring your Brokers on the first visit to register! *Must use preferred lender to receive bonus*.

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