431 Craftsman Drive 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 431 Craftsman Drive NW, Olympia, WA, 98502 generates $2,459/mo in rent, after a $2,437/mo payment. Total monthly income is $2,459/mo. Return on cash invested sits at 16.03% in year one, and rental yield is 5.93% on a $498,000 entry. Equity gained on principal adds $3,214/yr, while 5% annual appreciation builds toward $137,588 over five years. Five-year ROI reaches 81.78% and total cumulative return in cash sums $135,004. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,459/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
4,247 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
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Listed by: Barb Muirhead • Van Dorm Realty, Inc
Mls Name: NWMLS
Mls ID: #2405322