702 Wily NW, Olympia, WA, 98502 | 6.6% Rental Yield

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702 Wily NW, Olympia, WA, 98502 | 6.6% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Olympia at 702 Wily NW, Olympia, WA, 98502 offers $3,436/mo rent that, after a $3,059/mo payment. Total monthly income is $3,436/mo. Return on cash invested measures 18.19% in year one, and rental yield stands at 6.6% at a $625,000 entry. Equity gained on principal adds $4,033/yr while 5% annual appreciation compounds into $172,676 by year five. Five-year ROI records 93.36% and total cumulative return in cash reaches $191,977. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,436/mo property income versus a $3,059/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1988

0.25 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to your West Olympia storybook come to life. Sunlight pours into the vaulted living room, where a wood stove warms your toes & a big bay window frames the world like a painting. The sunroom is magic, with skylights, French doors, & a hidden loft ladder just begging for quiet escapes or creative inspiration. The primary suite feels like a retreat, with double walk-in closets, dual sinks, dual shower heads, & French doors that open to the deck. Outside, its all charm: a fully fenced yard with a playhouse, chicken coop with feeders & waterers, & an herb garden. The finished garage, with epoxy floors & sleek built-ins, is ready for whatever you dream up. Theres RV & big toy parking and even a private path to the OSD bus stop. MAGICAL!

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