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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Olympia at 423 Summit Lake Shore Road NW, Olympia, WA, 98502 generates $2,702/mo in rent, after a $5,335/mo payment. Total monthly income is $2,702/mo. Return on cash invested sits at 7.29% in year one, and rental yield is 2.97% on a $1,090,000 entry. Equity gained on principal adds $7,034/yr, while 5% annual appreciation builds toward $301,147 over five years. Five-year ROI reaches 34.82% and total cumulative return in cash sums $122,976. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,702/mo property income rather than buyer’s personal income.
Single Family
Built in 1944
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 98502, Olympia, WA area.
| 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 |
Residential
15,624
Single Family
12,821
Multi-Family
2,803
Businesses
966
Date | Event | Price |
|---|---|---|
| 2025-08-27 | Sold | $1,090,000 |
| 2025-07-08 | Pending sale | $1,099,950 |
| 2025-07-04 | Listed for sale | $1,099,950 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-10 | $8244.57 | -0.72% | $750,700 | 0.08% |
| 2023-10-10 | $8304.10 | 4.61% | $750,100 | 3.11% |
| 2022-10-10 | $7938.25 | 9.18% | $727,500 | 24.83% |
Listed by: Parker Stephens • BHGRE - Northwest Home Team
Mls Name: NWMLS
Mls Provider:
Mls ID: #2403031
Disclaimer: Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2025 NWMLS. All rights are reserved. Disclaimer: The information contained in this listing has not been verified by Zillow, Inc. and should be verified by the buyer. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#39)
