The property at 5412 Berger Dr SE in Olympia, WA, is a single-family home with 3 bedrooms and 3 baths, built in 1987. Based on the rental market in Olympia, the estimated rent potential ranges from $2,200 to $2,895 per month. This is competitive for the area, particularly given the property’s size (1,526 sqft) and family-oriented features. With annual revenue potential between $26.4K and $34.7K, the payback period depends on the purchase price and operating costs, though the current market conditions in Olympia show steady rent increases and low vacancy rates. The neighborhood trends and proximity to Southeast Olympia’s amenities further bolster its appeal.
To maximize rental income, consider modernizing the interior, such as upgrading kitchens and bathrooms, and ensuring energy-efficient heating systems. Enhancing curb appeal with landscaping could also attract higher-paying tenants. For owners considering selling, emphasize the property’s rental potential, family-friendly layout, and neighborhood appeal in marketing materials. Highlighting its strong historical appreciation could also attract investors.