3844 Long Lake Loop SEOlympiaWA98503
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestment property for sale in Olympia at 3844 Long Lake Loop SE, Olympia, WA, 98503 projects strong ROI of 6.48%. Rental yield 2.64%. With 5% annual appreciation, the property builds $635,448 in value over five years. Equity growth combined delivers a projected five-year ROI of 47.22%, translating into $306,844 in total cumulative return on $649,750 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.6% | 5.5% |
| Monthly Cash Flow | $(8,757) | $1,850 |
City averages based on Olympia market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,069 |
| Total Monthly Debt Service | $12,911 |
| DSCR Ratio | 0.39x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2006
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98503, Lacey, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,864 (100%) |
| Owner Occupied HU | 9,569 (53.6%) |
| Renter Occupied HU | 7,421 (41.5%) |
| Vacant Housing Units | 874 ( 4.9%) |
| Median Home Value | $489,421 |
| Average Home Value | $552,195 |
Housing Distribution
Address Breakdown
Residential
17,227
Single Family
14,773
Multi-Family
2,454
Businesses
707
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2006
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98503, Lacey, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,864 (100%) |
| Owner Occupied HU | 9,569 (53.6%) |
| Renter Occupied HU | 7,421 (41.5%) |
| Vacant Housing Units | 874 ( 4.9%) |
| Median Home Value | $489,421 |
| Average Home Value | $552,195 |
Housing Distribution
Address Breakdown
Residential
17,227
Single Family
14,773
Multi-Family
2,454
Businesses
707
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cynthia Harper • Realogics Sotheby's Int'l Rlty
Mls Name: NWMLS
Mls ID: #2405156