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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Olympia at 5647 Heights Lane NE, Olympia, WA, 98506 listed at $995,000 pairs $4,163/mo rent with a $4,870/mo payment. Total monthly income runs $4,163/mo. Return on cash invested measures 13.36% in year one, and rental yield registers 5.02% at a $995,000 basis. Equity gained on principal adds $6,421/yr, and annual property appreciation at 5% supports $274,900 by year five. Five-year ROI tracks 67.46% and total cumulative return in cash totals $220,830. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,163/mo property income relative to a $4,870/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1993
5 Acres lot
$N/A/sqft
$125 annually HOA
Neighborhood data shown for ZIP Code: 98506, Olympia, WA area.
| 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 |
Residential
8,579
Single Family
7,356
Multi-Family
1,223
Businesses
519
Date | Event | Price |
|---|---|---|
| 2025-07-17 | Sold | $995,000 |
| 2025-06-19 | Pending sale | $885,000 |
| 2025-06-12 | Listed for sale | $885,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $8198.92 | 7.47% | $749,100 | 2.17% |
| 2023-10-24 | $7629.22 | 3.68% | $733,200 | -1.09% |
| 2022-10-24 | $7358.20 | -0.10% | $741,300 | 16.83% |
Listed by: Kent Stottlemyre • Van Dorm Realty, Inc
Mls Name: NWMLS
Mls Provider:
Mls ID: #2392038
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-23 22:44:37 PDT. 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)
