5626 Mimi Street SW Lot 11TumwaterWA98512
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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 5626 Mimi Street SW Lot 11, Tumwater, WA, 98512 generates $2,574/mo in rent, after a $3,866/mo payment. Total monthly income is $2,574/mo. Return on cash invested sits at 10.02% in year one, and rental yield is 3.91% on a $789,950 entry. Equity gained on principal adds $5,097/yr, while 5% annual appreciation builds toward $218,249 over five years. Five-year ROI reaches 49.55% and total cumulative return in cash sums $128,768. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,574/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98512, Olympia, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,604 (100%) |
| Owner Occupied HU | 9,222 (67.8%) |
| Renter Occupied HU | 3,991 (29.3%) |
| Vacant Housing Units | 391 ( 2.9%) |
| Median Home Value | $566,641 |
| Average Home Value | $597,686 |
Housing Distribution
Address Breakdown
Residential
12,888
Single Family
11,031
Multi-Family
1,857
Businesses
506
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Listed by: Vonna Madeley • Coldwell Banker Evergreen
Mls Name: NWMLS
Mls ID: #2457273