502 Tullis Street NEOlympiaWA98506
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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 502 Tullis Street NE, Olympia, WA, 98506 priced at $445,000 pairs $2,737/mo rent with $62/mo cash flow after a $2,178/mo payment. Total monthly income equals $2,737/mo, and annual cash flow comes to $745/yr on $147,518 invested. Return on cash invested is 20.41% in year one, and rental yield stands at 7.38% on a $445,000 basis. Equity gained on principal adds $2,872/yr, and 5% annual appreciation accumulates to $122,945 by year five. Five-year ROI measures 105.35% and total cumulative return in cash reaches $155,408. For financing, Ziffy Mortgage’s DSCR program evaluates $2,737/mo property income against a $2,178/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1977
6,237 sqft 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
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Listed by: Andre Scott • Better Properties NW
Mls Name: NWMLS
Mls ID: #2388416