617 Birchwood Drive SWOlympiaWA98502
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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 Olympia at 617 Birchwood Drive SW, Olympia, WA, 98502 offers $2,864/mo rent that, after a $2,765/mo payment. Total monthly income is $2,864/mo. Return on cash invested measures 16.63% in year one, and rental yield stands at 6.08% at a $564,900 entry. Equity gained on principal adds $3,645/yr while 5% annual appreciation compounds into $156,071 by year five. Five-year ROI records 84.99% and total cumulative return in cash reaches $157,952. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,864/mo property income versus a $2,765/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2016
3,598 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98502, Olympia, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,410 (100%) |
| Owner Occupied HU | 8,622 (52.5%) |
| Renter Occupied HU | 6,848 (41.7%) |
| Vacant Housing Units | 940 ( 5.7%) |
| Median Home Value | $624,493 |
| Average Home Value | $686,725 |
Housing Distribution
Address Breakdown
Residential
15,624
Single Family
12,821
Multi-Family
2,803
Businesses
966
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Listed by: Julie Bradshaw • RE/MAX Northwest
Mls Name: NWMLS
Mls ID: #2439539