914 Puget Street NEOlympiaWA98506
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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
Rental property for sale in Olympia at 914 Puget Street NE, Olympia, WA, 98506 priced at $355,000 converts $2,148/mo rent into $14/mo cash flow after a $1,738/mo obligation. Total monthly income equals $2,148/mo, and annual cash flow totals $163/yr on $117,683 invested. Return on cash invested prints 20.05% in year one, and rental yield reads 7.26% against a $355,000 entry. Equity gained on principal adds $2,291/yr, while 5% annual appreciation compiles into $98,080 by year five. Five-year ROI reaches 103.37% and total cumulative return in cash sums $121,644. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,148/mo property income covering a $1,738/mo payment, not borrower’s personal income.
Single Family
Built in 1948
7,191 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98506, Olympia, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,575 (100%) |
| Owner Occupied HU | 5,252 (61.2%) |
| Renter Occupied HU | 3,001 (35.0%) |
| Vacant Housing Units | 322 ( 3.8%) |
| Median Home Value | $598,942 |
| Average Home Value | $672,860 |
Housing Distribution
Address Breakdown
Residential
8,579
Single Family
7,356
Multi-Family
1,223
Businesses
519
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Listed by: Renae Miller • Realty One Group Bold
Mls Name: NWMLS
Mls ID: #2363998