6601 27th Lane SEOlympiaWA98503
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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 6601 27th Lane SE, Olympia, WA, 98503 generates $3,395/mo in rent, after a $4,283/mo payment. Total monthly income is $3,395/mo. Return on cash invested sits at 12.29% in year one, and rental yield is 4.66% on a $875,000 entry. Equity gained on principal adds $5,646/yr, while 5% annual appreciation builds toward $241,746 over five years. Five-year ROI reaches 61.69% and total cumulative return in cash sums $177,587. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,395/mo property income rather than buyer’s personal income.
Single Family
Built in 1962
0.33 Acres lot
$N/A/sqft
No HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2025-08-07 | Sold | $875,000 |
| 2025-07-11 | Pending sale | $899,000 |
| 2025-06-26 | Price change | $899,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-02 | $6621.25 | 12.10% | $611,500 | 3.70% |
| 2023-11-02 | $5906.34 | 7.64% | $589,700 | 7.55% |
| 2022-11-02 | $5487.34 | -0.32% | $548,300 | 21.82% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1962
- Architectural Style: N/A
- Building Area: 2,032
- Living Area: 2,032 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Fireplace, Forced Air, Electric, Natural Gas
- Cooling: Forced Air
- Flooring: Laminate
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Attached Garage, RV Parking
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Septic Tank
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Cong Zhao • Best Choice Realty LLC
Mls Name: NWMLS
Mls Provider:
Mls ID: #2395541
Disclaimer: Based on information submitted to the MLS GRID as of 2025-11-01 21:24:46 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)