7519 Atchinson Drive SE, Olympia, WA, 98513 | 3.65% Rental Yield

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7519 Atchinson Drive SE, Olympia, WA, 98513 | 3.65% 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

Total monthly income runs $2,584/mo, and a $4,160/mo payment. Purchase price stands at $850,000, and rental yield measures 3.65% with $2,584/mo rent. Return on cash invested shows 9.22% in year one, and 5% annual appreciation builds toward $234,839 over five years. Five-year ROI reaches 45.27% and total cumulative return in cash records $126,598. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,584/mo property income covering a $4,160/mo payment rather than investor’s personal income.

Single Family

Built in 1953

0.44 Acres lot

$N/A/sqft

No HOA

More details about the property

Lakefront living at its finest! This charming Pattison Lake home offers stunning water views and direct access to the lake. The main floor features 2 bedrooms, a full bath, a bright kitchen, and a spacious living area that opens to a large deckperfect for soaking in the scenery. Downstairs, with its own exterior access, youll find two additional bedrooms, a second living space, kitchenette, full bath, laundry room, ample storage, and a covered patio that leads straight to the water. The waterfront lawn includes a dock & additional deck for lakeside fun. Across the drive: a fully fenced yard with garden beds, a chicken coop, and a 2-car garage. A rare opportunity in a prime location!

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