933 Fern Street SWOlympiaWA98502
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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 933 Fern Street SW, Olympia, WA, 98502 uses $119,340 cash to close to unlock $1,896/yr annual cash flow and $158/mo monthly cash flow. Total monthly income runs $2,322/mo, and a $1,762/mo payment keeps the spread at $158/mo. Purchase price stands at $360,000, and rental yield measures 7.74% with $2,322/mo rent. Return on cash invested shows 21.5% in year one, and 5% annual appreciation builds toward $99,461 over five years. Five-year ROI reaches 111.11% and total cumulative return in cash records $132,597. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,322/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Townhouse
Built in 1996
4,578 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98502, Olympia, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,410 (100%) |
| Owner Occupied HU | 8,622 (52.5%) |
| Renter Occupied HU | 6,848 (41.7%) |
| Vacant Housing Units | 940 ( 5.7%) |
| Median Home Value | $624,493 |
| Average Home Value | $686,725 |
Housing Distribution
Address Breakdown
Residential
15,624
Single Family
12,821
Multi-Family
2,803
Businesses
966
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Listed by: Ami Davenport • NextHome Northwest Group
Mls Name: NWMLS
Mls ID: #2406342