7235 20th Avenue SEOlympiaWA98503
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 7235 20th Avenue SE, Olympia, WA, 98503 listed at $1,795,000 pairs $2,880/mo rent with a $8,786/mo payment. Total monthly income runs $2,880/mo. Return on cash invested measures 4.05% in year one, and rental yield registers 1.93% at a $1,795,000 basis. Equity gained on principal adds $11,583/yr, and annual property appreciation at 5% supports $495,925 by year five. Five-year ROI tracks 17.45% and total cumulative return in cash totals $101,485. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,880/mo property income relative to a $8,786/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 2015
1 Acres lot
$N/A/sqft
No HOA
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
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Listed by: Jami R. Downing • Abbey Realty Inc
Mls Name: NWMLS
Mls ID: #2392636