311 19th Avenue SE, Olympia, WA, 98501 | 4.78% Rental Yield

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

Rental property for sale in Olympia at 311 19th Avenue SE, Olympia, WA, 98501 generates $3,484/mo in rent, after a $4,283/mo payment. Total monthly income is $3,484/mo. Return on cash invested sits at 12.66% in year one, and rental yield is 4.78% on a $875,000 entry. Equity gained on principal adds $5,646/yr, while 5% annual appreciation builds toward $241,746 over five years. Five-year ROI reaches 63.68% and total cumulative return in cash sums $183,311. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,484/mo property income rather than buyer’s personal income.

Single Family

Built in 1940

5,201 sqft lot

$N/A/sqft

No HOA

More details about the property

Beautifully presented in Olympias beloved South Capitol Historic Neighborhood, the "Cunningham" home offers the feeling of yesteryear with original style intact. Bathed with natural light, it features generous-sized rooms and flexible spaces ideal for home offices, hobbies, or multi-generational living. Main floor primary bedroom. Separate entrance opens door to possible mother-in-law suite. AC. Hardwood Floors. Fireplace. Balcony. Off-street parking + garage, tree-lined streets, & inclusion on the Historical Register add to its appeal. Enjoy the convenience of nearby neighborhood amenitiesgrocery, bus line, school, church, and more. Located in the Lincoln Elementary district, this home is a rare blend of history, space, and location.

Neighborhood Data

Neighborhood data shown for ZIP Code: 98501, Olympia, WA area.

Housing Distribution

Housing Statistics

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