8309 Camano Loop NELaceyWA98516
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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
Total monthly income runs $2,983/mo, and a $2,863/mo payment. Purchase price stands at $585,000, and rental yield measures 6.12% with $2,983/mo rent. Return on cash invested shows 16.74% in year one, and 5% annual appreciation builds toward $161,625 over five years. Five-year ROI reaches 85.55% and total cumulative return in cash records $164,646. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,983/mo property income covering a $2,863/mo payment rather than investor’s personal income.
Single Family
Built in 2005
5,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98516, Olympia, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,914 (100%) |
| Owner Occupied HU | 8,504 (65.9%) |
| Renter Occupied HU | 3,718 (28.8%) |
| Vacant Housing Units | 692 ( 5.4%) |
| Median Home Value | $607,295 |
| Average Home Value | $636,201 |
Housing Distribution
Address Breakdown
Residential
12,784
Single Family
10,957
Multi-Family
1,827
Businesses
682
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Listed by: Patricia Miller • RE/MAX Parkside Affiliates
Mls Name: NWMLS
Mls ID: #2415124