5403 Lemon Road 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 5403 Lemon Road NE, Olympia, WA, 98506 uses $210,560 cash to close to unlock $568/yr annual cash flow and $47/mo monthly cash flow. Total monthly income runs $3,894/mo, and a $3,132/mo payment keeps the spread at $47/mo. Purchase price stands at $640,000, and rental yield measures 7.3% with $3,894/mo rent. Return on cash invested shows 20.33% in year one, and 5% annual appreciation builds toward $176,820 over five years. Five-year ROI reaches 104.83% and total cumulative return in cash records $220,734. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,894/mo property income covering a $3,132/mo payment rather than investor’s personal income.
Single Family
Built in 2007
0.36 Acres 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: Sherry Hornsby • eXp Realty
Mls Name: NWMLS
Mls ID: #2413138