8747 Laguna Drive SW, Olympia, WA, 98512 | $392/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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8747 Laguna Drive SW, Olympia, WA, 98512 | $392/mo Cash Flow | Ziffy

For Sale

Motivated Seller

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

Rental property for sale in Olympia at 8747 Laguna Drive SW, Olympia, WA, 98512 generates $3,247/mo in rent and, after a $2,325/mo payment, leaves $392/mo in cash flow. Total monthly income is $3,247/mo, and annual cash flow is $4,699/yr on $157,463 invested. Return on cash invested sits at 22.89% in year one, and rental yield is 8.2% on a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 118.62% and total cumulative return in cash sums $186,775. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,247/mo property income rather than buyer’s personal income.

Single Family

Built in 1989

0.27 Acres lot

$N/A/sqft

No HOA

More details about the property

MOTIVATED SELLER REDUCES PRICE! Lucinda waterfront home offers a peaceful setting and views of the lake from every room. Main floor has been updated with hardwood floors in living area; remodeled kitchen with tile floors and counters; custom cabinetry; and stainless appliances. Pellet stove in living area provides comfort on cold days and the recently installed ductless mini-splits provide heat and that A/C when you need it. Upstairs you will find the Primary bedroom with 3/4 bath, A/C, and a deck overlooking the lake, 2 additional bedrooms, and a full bath. Sliders from the living room, dining room, and the kitchen lead you to the back yard retreat overlooking the lake. Lower deck and access to lake for kayaking via trail from back yard.

Neighborhood Data

Neighborhood data shown for ZIP Code: 98512, Olympia, WA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,604 (100%)
Owner Occupied HU	9,222 (67.8%)
Renter Occupied HU	3,991 (29.3%)
Vacant Housing Units	391 ( 2.9%)
Median Home Value	$566,641
Average Home Value	$597,686