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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Olympia at 3467 Simmons Mill Court SW #B, Olympia, WA, 98512 uses $169,435 cash to close to unlock $3,239/yr annual cash flow and $270/mo monthly cash flow. Total monthly income runs $3,366/mo, and a $2,521/mo payment keeps the spread at $270/mo. Purchase price stands at $515,000, and rental yield measures 7.84% with $3,366/mo rent. Return on cash invested shows 21.97% in year one, and 5% annual appreciation builds toward $142,285 over five years. Five-year ROI reaches 113.64% and total cumulative return in cash records $192,541. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,366/mo property income covering a $2,521/mo payment rather than investor’s personal income.
Condo
Built in 2003
4,011 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 98512, Olympia, WA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,604 (100%) |
| Owner Occupied HU | 9,222 (67.8%) |
| Renter Occupied HU | 3,991 (29.3%) |
| Vacant Housing Units | 391 ( 2.9%) |
| Median Home Value | $566,641 |
| Average Home Value | $597,686 |
Residential
12,888
Single Family
11,031
Multi-Family
1,857
Businesses
506
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Shannon Bell-Peterson • RE/MAX Honors
Mls Name: NWMLS
Mls ID: #2393100
