7110 Mirasett Street SWTumwaterWA98512
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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 Tumwater at 7110 Mirasett Street SW, Tumwater, WA, 98512 generates $3,440/mo in rent and, after a $2,521/mo payment, leaves $344/mo in cash flow. Total monthly income is $3,440/mo, and annual cash flow is $4,127/yr on $169,435 invested. Return on cash invested sits at 22.5% in year one, and rental yield is 8.02% on a $515,000 entry. Equity gained on principal adds $3,323/yr, while 5% annual appreciation builds toward $142,285 over five years. Five-year ROI reaches 116.43% and total cumulative return in cash sums $197,281. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,440/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98512, Olympia, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,604 (100%) |
| Owner Occupied HU | 9,222 (67.8%) |
| Renter Occupied HU | 3,991 (29.3%) |
| Vacant Housing Units | 391 ( 2.9%) |
| Median Home Value | $566,641 |
| Average Home Value | $597,686 |
Housing Distribution
Address Breakdown
Residential
12,888
Single Family
11,031
Multi-Family
1,857
Businesses
506
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Listed by: Sandra Hanby • John L. Scott Lacey
Mls Name: NWMLS
Mls ID: #2422609