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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 6946 47th Lane UNIT 2B, Olympia, WA, 98513 listed at $275,000 pairs $2,164/mo rent with a $1,346/mo payment to leave $66/mo cash flow. Total monthly income runs $2,164/mo, and annual cash flow reaches $794/yr on $91,163 cash to close. Return on cash invested measures 20.78% in year one, and rental yield registers 9.44% at a $275,000 basis. Equity gained on principal adds $1,775/yr, and annual property appreciation at 5% supports $75,977 by year five. Five-year ROI tracks 109.44% and total cumulative return in cash totals $99,767. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,164/mo property income relative to a $1,346/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1998
N/A lot
$N/A/sqft
$415 monthly HOA
Neighborhood data shown for ZIP Code: 98513, Olympia, WA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,819 (100%) |
| Owner Occupied HU | 11,004 (69.6%) |
| Renter Occupied HU | 4,082 (25.8%) |
| Vacant Housing Units | 733 ( 4.6%) |
| Median Home Value | $550,463 |
| Average Home Value | $601,450 |
Residential
13,648
Single Family
13,264
Multi-Family
384
Businesses
71
Date | Event | Price |
|---|---|---|
| 2025-03-13 | Listed for sale | $275,000 |
| 2008-05-07 | Sold | $170,000 |
| 2003-10-24 | Sold | $122,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-14 | N/A | N/A | $287,300 | 7.36% |
| 2023-03-14 | $2668.49 | 5.95% | $267,600 | 3.72% |
| 2022-03-14 | $2518.66 | 2.22% | $258,000 | 23.74% |
Listed by: Brandon Tuttle • SASH Realty
Mls Name: NWMLS
Mls Provider:
Mls ID: #2341217
Disclaimer: Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2025 NWMLS. All rights are reserved. Disclaimer: The information contained in this listing has not been verified by Zillow, Inc. and should be verified by the buyer. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#39)
