3048 Steamboat Island Loop NWOlympiaWA98502
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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 3048 Steamboat Island Loop NW, Olympia, WA, 98502 at $874,900 posts ROI 7.95% with from $2,353/mo rent. Total monthly income equals $2,353/mo. Return on cash invested measures 7.95% and rental yield reads 3.23% at the current $874,900. Equity gained on principal adds $5,646/yr, and 5% annual appreciation supports $241,719 by year five. Five-year ROI prints 38.43% and total cumulative return in cash totals $110,619. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,353/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1988
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98502, Olympia, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,410 (100%) |
| Owner Occupied HU | 8,622 (52.5%) |
| Renter Occupied HU | 6,848 (41.7%) |
| Vacant Housing Units | 940 ( 5.7%) |
| Median Home Value | $624,493 |
| Average Home Value | $686,725 |
Housing Distribution
Address Breakdown
Residential
15,624
Single Family
12,821
Multi-Family
2,803
Businesses
966
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Listed by: N/A • N/A
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