7346 Steamboat Island Road NWOlympiaWA98502
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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
Investment property for sale in Olympia at 7346 Steamboat Island Road NW, Olympia, WA, 98502 listed at $674,950 pairs $2,994/mo rent with a $3,304/mo payment. Total monthly income runs $2,994/mo. Return on cash invested measures 14.31% in year one, and rental yield registers 5.32% at a $674,950 basis. Equity gained on principal adds $4,355/yr, and annual property appreciation at 5% supports $186,476 by year five. Five-year ROI tracks 72.57% and total cumulative return in cash totals $161,159. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,994/mo property income relative to a $3,304/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1993
4.54 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
15,624
Single Family
12,821
Multi-Family
2,803
Businesses
966
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Listed by: Missy Watts • Olympic Sotheby's Int'l Realty
Mls Name: NWMLS
Mls ID: #2452151