1113 SW 356th StFederal WayWA98023
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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 Federal Way at 1113 SW 356th St, Federal Way, WA, 98023 generates $3,007/mo in rent and, after a $2,380/mo payment, leaves $50/mo in cash flow. Total monthly income is $3,007/mo, and annual cash flow is $599/yr on $161,208 invested. Return on cash invested sits at 20.28% in year one, and rental yield is 7.42% on a $486,300 entry. Equity gained on principal adds $3,138/yr, while 5% annual appreciation builds toward $134,356 over five years. Five-year ROI reaches 104.68% and total cumulative return in cash sums $168,759. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,007/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98023, Federal Way, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,083 (100%) |
| Owner Occupied HU | 11,696 (61.3%) |
| Renter Occupied HU | 6,783 (35.5%) |
| Vacant Housing Units | 604 ( 3.2%) |
| Median Home Value | $621,826 |
| Average Home Value | $711,004 |
Housing Distribution
Address Breakdown
Residential
18,049
Single Family
14,981
Multi-Family
3,068
Businesses
230
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