8516 Bainbridge Loop NELaceyWA98516
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
Total monthly income runs $2,970/mo, and a $3,367/mo payment. Purchase price stands at $687,995, and rental yield measures 5.18% with $2,970/mo rent. Return on cash invested shows 13.88% in year one, and 5% annual appreciation builds toward $190,080 over five years. Five-year ROI reaches 70.26% and total cumulative return in cash records $159,027. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,970/mo property income covering a $3,367/mo payment rather than investor’s personal income.
Single Family
Built in 2004
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gregory Towne • eXp Realty
Mls Name: NWMLS
Mls ID: #2379121