513 Hidden Forest Drive SEOlympiaWA98513
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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 513 Hidden Forest Drive SE, Olympia, WA, 98513 uses $157,463 cash to close to unlock $2,455/yr annual cash flow and $205/mo monthly cash flow. Total monthly income runs $3,060/mo, and a $2,325/mo payment keeps the spread at $205/mo. Purchase price stands at $475,000, and rental yield measures 7.73% with $3,060/mo rent. Return on cash invested shows 21.47% in year one, and 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 110.97% and total cumulative return in cash records $174,739. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,060/mo property income covering a $2,325/mo payment rather than investor’s personal income.
Single Family
Built in 1990
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98513, Olympia, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,819 (100%) |
| Owner Occupied HU | 11,004 (69.6%) |
| Renter Occupied HU | 4,082 (25.8%) |
| Vacant Housing Units | 733 ( 4.6%) |
| Median Home Value | $550,463 |
| Average Home Value | $601,450 |
Housing Distribution
Address Breakdown
Residential
13,648
Single Family
13,264
Multi-Family
384
Businesses
71
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Listed by: Nicole Braam • Keller Williams South Sound
Mls Name: NWMLS
Mls ID: #2454610