3526 17th Way 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
Investment property for sale in Olympia at 3526 17th Way SE, Olympia, WA, 98501 uses $114,351 cash to close to unlock $6,298/yr annual cash flow and $525/mo monthly cash flow. Total monthly income runs $2,598/mo, and a $1,688/mo payment keeps the spread at $525/mo. Purchase price stands at $344,950, and rental yield measures 9.04% with $2,598/mo rent. Return on cash invested shows 25.42% in year one, and 5% annual appreciation builds toward $95,303 over five years. Five-year ROI reaches 132.13% and total cumulative return in cash records $151,092. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,598/mo property income covering a $1,688/mo payment rather than investor’s personal income.
Condo
Built in 2000
2,125 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: Brandon P. Johnson • Blue Summit Realty LLC
Mls Name: NWMLS
Mls ID: #2435441