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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 5035 Carole Drive NE, Olympia, WA, 98516 priced at $550,000 pairs $2,996/mo rent with after a $2,692/mo payment. Total monthly income equals $2,996/mo. Return on cash invested is 17.58% in year one, and rental yield stands at 6.54% on a $550,000 basis. Equity gained on principal adds $3,549/yr, and 5% annual appreciation accumulates to $151,955 by year five. Five-year ROI measures 90.26% and total cumulative return in cash reaches $163,330. For financing, Ziffy Mortgage’s DSCR program evaluates $2,996/mo property income against a $2,692/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2013
5,998 sqft lot
$N/A/sqft
$622 annually HOA
Neighborhood data shown for ZIP Code: 98516, Olympia, WA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,914 (100%) |
| Owner Occupied HU | 8,504 (65.9%) |
| Renter Occupied HU | 3,718 (28.8%) |
| Vacant Housing Units | 692 ( 5.4%) |
| Median Home Value | $607,295 |
| Average Home Value | $636,201 |
Residential
12,784
Single Family
10,957
Multi-Family
1,827
Businesses
682
Date | Event | Price |
|---|---|---|
| 2025-04-17 | Listed for sale | $550,000 |
| 2019-11-12 | Sold | $335,000 |
| 2019-10-06 | Pending sale | $324,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-18 | N/A | N/A | $512,600 | 6.90% |
| 2023-04-18 | $4759.27 | 1.54% | $479,500 | 2.30% |
| 2022-04-18 | $4687.26 | 2.21% | $468,700 | 23.73% |
Listed by: Mark Hopkins • Redfin
Mls Name: NWMLS
Mls Provider:
Mls ID: #2359909
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)
