5045 Carole Drive NEOlympiaWA98516
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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
Investment property for sale in Olympia at 5045 Carole Drive NE, Olympia, WA, 98516 earns $162/mo cash flow from $3,101/mo rent with a $2,393/mo payment. Total monthly income totals $3,101/mo, and annual cash flow totals $1,943/yr on $162,104 capital. ROI tracks 21.11% on current figures, and rental yield reads 7.61% at a $489,000 purchase. Equity gained on principal adds $3,155/yr, and 5% annual appreciation supports $135,102 over five years. Five-year ROI reaches 109.03% and total cumulative return in cash sums $176,734. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,101/mo property income instead of your personal income.
Single Family
Built in 1993
5,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98516, Olympia, WA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
12,784
Single Family
10,957
Multi-Family
1,827
Businesses
682
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Listed by: Nathan Wright • Van Dorm Realty, Inc
Mls Name: NWMLS
Mls ID: #2472932