401 Summit Lake Shore Road NWOlympiaWA98502
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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 401 Summit Lake Shore Road NW, Olympia, WA, 98502 priced at $1,610,000 pairs $3,274/mo rent with after a $7,880/mo payment. Total monthly income equals $3,274/mo. Return on cash invested is 5.64% in year one, and rental yield stands at 2.44% on a $1,610,000 basis. Equity gained on principal adds $10,389/yr, and 5% annual appreciation accumulates to $444,813 by year five. Five-year ROI measures 25.98% and total cumulative return in cash reaches $135,539. For financing, Ziffy Mortgage’s DSCR program evaluates $3,274/mo property income against a $7,880/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1966
2.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98502, Olympia, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,410 (100%) |
| Owner Occupied HU | 8,622 (52.5%) |
| Renter Occupied HU | 6,848 (41.7%) |
| Vacant Housing Units | 940 ( 5.7%) |
| Median Home Value | $624,493 |
| Average Home Value | $686,725 |
Housing Distribution
Address Breakdown
Residential
15,624
Single Family
12,821
Multi-Family
2,803
Businesses
966
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Listed by: Bruce Batson • Coldwell Banker Evergreen
Mls Name: NWMLS
Mls ID: #2391482