514 Quince Street NEOlympiaWA98506
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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 514 Quince Street NE, Olympia, WA, 98506 at $700,000 posts ROI 14.94% with from $3,332/mo rent. Total monthly income equals $3,332/mo. Return on cash invested measures 14.94% and rental yield reads 5.71% at the current $700,000. Equity gained on principal adds $4,517/yr, and 5% annual appreciation supports $193,397 by year five. Five-year ROI prints 76.11% and total cumulative return in cash totals $175,288. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,332/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1893
9,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98506, Olympia, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,575 (100%) |
| Owner Occupied HU | 5,252 (61.2%) |
| Renter Occupied HU | 3,001 (35.0%) |
| Vacant Housing Units | 322 ( 3.8%) |
| Median Home Value | $598,942 |
| Average Home Value | $672,860 |
Housing Distribution
Address Breakdown
Residential
8,579
Single Family
7,356
Multi-Family
1,223
Businesses
519
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Listed by: Carla A. Boyer • Virgil Adams Real Estate, Inc.
Mls Name: NWMLS
Mls Provider:
Mls ID: #2394735
Disclaimer: Based on information submitted to the MLS GRID as of 2025-11-03 21:04:46 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#39)