8825 Skokomish Way NEOlympiaWA98516
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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
Investment property for sale in Olympia at 8825 Skokomish Way NE, Olympia, WA, 98516 offers a 7.66% rental yield on a $449,900 purchase with $2,872/mo rent. Total monthly income registers $2,872/mo, and a $2,202/mo payment leaves $168/mo available for distribution. Annual cash flow reaches $2,011/yr on $149,142 to close, and return on cash invested stands at 21.26% in year one. Equity gained on principal adds $2,903/yr while 5% annual appreciation supports $124,299 over five years. Portfolio math shows five-year ROI at 109.85% and total cumulative return in cash at $163,834. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,872/mo property income against a $2,202/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
8,250 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: Eric Girton • Virgil Adams Real Estate, Inc.
Mls Name: NWMLS
Mls ID: #2473430