920 East Bay Drive NE #3C302OlympiaWA98506
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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 920 East Bay Drive NE #3C302, Olympia, WA, 98506 earns from $2,138/mo rent with a $2,075/mo payment. Total monthly income totals $2,138/mo. ROI tracks 16.4% on current figures, and rental yield reads 6.05% at a $424,000 purchase. Equity gained on principal adds $2,736/yr, and 5% annual appreciation supports $117,143 over five years. Five-year ROI reaches 83.81% and total cumulative return in cash sums $117,807. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,138/mo property income instead of your personal income.
Condo
Built in 1989
1,764 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: Jana Ross • Windermere Abode
Mls Name: NWMLS
Mls ID: #2408480