514 SE Pamela DriveOlympiaWA98503
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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 SE Pamela Drive, Olympia, WA, 98503 listed at $399,900 pairs $2,767/mo rent with a $1,957/mo payment to leave $363/mo cash flow. Total monthly income runs $2,767/mo, and annual cash flow reaches $4,361/yr on $132,567 cash to close. Return on cash invested measures 23.2% in year one, and rental yield registers 8.3% at a $399,900 basis. Equity gained on principal adds $2,580/yr, and annual property appreciation at 5% supports $110,485 by year five. Five-year ROI tracks 120.26% and total cumulative return in cash totals $159,428. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,767/mo property income relative to a $1,957/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1976
8,576 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98503, Lacey, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,864 (100%) |
| Owner Occupied HU | 9,569 (53.6%) |
| Renter Occupied HU | 7,421 (41.5%) |
| Vacant Housing Units | 874 ( 4.9%) |
| Median Home Value | $489,421 |
| Average Home Value | $552,195 |
Housing Distribution
Address Breakdown
Residential
17,227
Single Family
14,773
Multi-Family
2,454
Businesses
707
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Listed by: Morr Solomon • eXp Realty
Mls Name: NWMLS
Mls ID: #2439620