8510 Martin Way E #25, Olympia, WA, 98516 | $225/mo Cash Flow

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8510 Martin Way E #25, Olympia, WA, 98516 | $225/mo Cash Flow | 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

Investment property for sale in Olympia at 8510 Martin Way E #25, Olympia, WA, 98516 uses $42,764 cash to close to unlock $2,699/yr annual cash flow and $225/mo monthly cash flow. Total monthly income runs $1,000/mo, and a $631/mo payment keeps the spread at $225/mo. Purchase price stands at $129,000, and rental yield measures 9.3% with $1,000/mo rent. Return on cash invested shows 26.22% in year one, and 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 136.46% and total cumulative return in cash records $58,357. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,000/mo property income covering a $631/mo payment rather than investor’s personal income.

Manufactured

Built in 1968

N/A lot

$N/A/sqft

No HOA

More details about the property

Beautifully updated double-wide home in peaceful Lacey! Nestled on the largest lot in the park, this well-cared-for property features an open layout with spacious living and dining areas. The kitchen boasts generous storage and new butcher-block countersperfect for everyday cooking or hosting. The primary suite offers an en-suite bath for added comfort and privacy. Step outside to a covered deck ideal for relaxing or entertaining, plus a large shop ready for your projects and hobbies. Wide ramp and entry door for easy access. Conveniently close to shopping, dining, and parks, and perfectly situated between Seattle and Portland. An affordable chance to own a special piece of the Pacific Northwest!

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