420 Bungalow Drive NWOlympiaWA98502
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 420 Bungalow Drive NW, Olympia, WA, 98502 priced at $749,900 pairs $2,627/mo rent with after a $3,670/mo payment. Total monthly income equals $2,627/mo. Return on cash invested is 10.91% in year one, and rental yield stands at 4.2% on a $749,900 basis. Equity gained on principal adds $4,839/yr, and 5% annual appreciation accumulates to $207,184 by year five. Five-year ROI measures 54.34% and total cumulative return in cash reaches $134,074. For financing, Ziffy Mortgage’s DSCR program evaluates $2,627/mo property income against a $3,670/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 2007
5,998 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael Duggins • RE/MAX Parkside Affiliates
Mls Name: NWMLS
Mls ID: #2453019