405 Shadow Lane NEOlympiaWA98506
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
Investment Highlights
Rental property for sale in Olympia at 405 Shadow Lane NE, Olympia, WA, 98506 offers $3,572/mo rent that, after a $3,622/mo payment. Total monthly income is $3,572/mo. Return on cash invested measures 15.74% in year one, and rental yield stands at 5.79% at a $739,950 entry. Equity gained on principal adds $4,775/yr while 5% annual appreciation compounds into $204,435 by year five. Five-year ROI records 80.22% and total cumulative return in cash reaches $195,282. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,572/mo property income versus a $3,622/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1966
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98506, Olympia, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,575 (100%) |
| Owner Occupied HU | 5,252 (61.2%) |
| Renter Occupied HU | 3,001 (35.0%) |
| Vacant Housing Units | 322 ( 3.8%) |
| Median Home Value | $598,942 |
| Average Home Value | $672,860 |
Housing Distribution
Address Breakdown
Residential
8,579
Single Family
7,356
Multi-Family
1,223
Businesses
519
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Teresa Lambrecht • Crescent Realty powered by KW
Mls Name: NWMLS
Mls ID: #2471477