1211 SW 346th StreetFederal 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 1211 SW 346th Street, Federal Way, WA, 98023 generates $3,785/mo in rent and, after a $2,888/mo payment, leaves $238/mo in cash flow. Total monthly income is $3,785/mo, and annual cash flow is $2,859/yr on $194,094 invested. Return on cash invested sits at 21.53% in year one, and rental yield is 7.7% on a $589,950 entry. Equity gained on principal adds $3,807/yr, while 5% annual appreciation builds toward $162,992 over five years. Five-year ROI reaches 111.29% and total cumulative return in cash sums $216,012. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,785/mo property income rather than buyer’s personal income.
Single Family
Built in 1991
5,501 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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Listed by: Dan Dennis • Keller Williams Realty PS
Mls Name: NWMLS
Mls ID: #2463913