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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% |
Investment property for sale in Olympia at 508 Summit Lake Shore Road NW, Olympia, WA, 98502 offers a 5.53% rental yield on a $650,000 purchase with $2,994/mo rent. 94% in year one. Equity gained on principal adds $4,194/yr while 5% annual appreciation supports $179,583 over five years. Portfolio math shows five-year ROI at 75.93% and total cumulative return in cash at $162,386. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,994/mo property income against a $3,181/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
4.80 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: David Shea • Washington Coast Real Estate
Mls Name: NWMLS
Mls ID: #2406937
