3317 Olive Way, Longview, WA, 98632 | $245/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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3317 Olive Way, Longview, WA, 98632 | $245/mo Cash Flow | 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 Longview at 3317 Olive Way, Longview, WA, 98632 listed at $379,900 pairs $2,528/mo rent with a $1,859/mo payment to leave $245/mo cash flow. Total monthly income runs $2,528/mo, and annual cash flow reaches $2,937/yr on $125,937 cash to close. Return on cash invested measures 22.24% in year one, and rental yield registers 7.99% at a $379,900 basis. Equity gained on principal adds $2,451/yr, and annual property appreciation at 5% supports $104,959 by year five. Five-year ROI tracks 115.11% and total cumulative return in cash totals $144,965. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,528/mo property income relative to a $1,859/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1949

8,712 sqft lot

$N/A/sqft

No HOA

More details about the property

If youre looking for a new place to land, this is it! The oversized garage can handle whatever you throw at it...yes, even your 1981 Toyota sitting on 40s. There is currently a built out room inside of the garage that would be great for a home based business or bonus room. Inside the house, youll find plenty of space for the whole crew with 4 bedrooms. Fully remodeled in 2019 and just refreshed again with brand new flooring and paint. Shes clean, updated, and ready for her next chapter. The fully fenced backyard and covered patio round it her perfectly. All this and more located in the right part of town (whatever that means)!

Neighborhood Data

Neighborhood data shown for ZIP Code: 98632, Longview, WA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	22,067 (100%)
Owner Occupied HU	12,968 (58.8%)
Renter Occupied HU	7,936 (36.0%)
Vacant Housing Units	1,163 ( 5.3%)
Median Home Value	$408,275
Average Home Value	$457,038