510 Bates St SETumwaterWA98501
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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 Tumwater at 510 Bates St SE, Tumwater, WA, 98501 priced at $320,000 pairs $2,979/mo rent with $894/mo cash flow after a $1,566/mo payment. Total monthly income equals $2,979/mo, and annual cash flow comes to $10,729/yr on $106,080 invested. Return on cash invested is 30.02% in year one, and rental yield stands at 11.17% on a $320,000 basis. Equity gained on principal adds $2,065/yr, and 5% annual appreciation accumulates to $88,410 by year five. Five-year ROI measures 157.54% and total cumulative return in cash reaches $167,115. For financing, Ziffy Mortgage’s DSCR program evaluates $2,979/mo property income against a $1,566/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98501, Olympia, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,322 (100%) |
| Owner Occupied HU | 12,616 (59.2%) |
| Renter Occupied HU | 7,848 (36.8%) |
| Vacant Housing Units | 858 ( 4.0%) |
| Median Home Value | $574,804 |
| Average Home Value | $591,558 |
Housing Distribution
Address Breakdown
Residential
20,128
Single Family
17,521
Multi-Family
2,607
Businesses
1,559
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Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A