311 19th Avenue SEOlympiaWA98501
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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
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
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 |
Housing Distribution
Address Breakdown
Residential
20,128
Single Family
17,521
Multi-Family
2,607
Businesses
1,559
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Listed by: Diane Pust • Van Dorm Realty, Inc
Mls Name: NWMLS
Mls ID: #2412653