7218 SE Spurgeon Creek RoadOlympiaWA98513
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Olympia at 7218 SE Spurgeon Creek Road, Olympia, WA, 98513 listed at $480,000 pairs $2,915/mo rent with a $2,349/mo payment to leave $30/mo cash flow. Total monthly income runs $2,915/mo, and annual cash flow reaches $360/yr on $159,120 cash to close. Return on cash invested measures 20.14% in year one, and rental yield registers 7.29% at a $480,000 basis. Equity gained on principal adds $3,097/yr, and annual property appreciation at 5% supports $132,615 by year five. Five-year ROI tracks 103.81% and total cumulative return in cash totals $165,185. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,915/mo property income relative to a $2,349/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1975
0.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98513, Olympia, WA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
13,648
Single Family
13,264
Multi-Family
384
Businesses
71
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michelle Codd • eXp Realty
Mls Name: NWMLS
Mls ID: #2439901