1415 S 303rdFederal WayWA98003
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1415 S 303rd, Federal Way, WA, 98003 generates $3,119/mo in rent, after a $2,594/mo payment. Total monthly income is $3,119/mo. Return on cash invested sits at 19.6% in year one, and rental yield is 7.06% on a $529,900 entry. Equity gained on principal adds $3,419/yr, while 5% annual appreciation builds toward $146,402 over five years. Five-year ROI reaches 100.93% and total cumulative return in cash sums $175,967. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,119/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
10,402 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98003, Federal Way, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,028 (100%) |
| Owner Occupied HU | 9,192 (45.9%) |
| Renter Occupied HU | 10,187 (50.9%) |
| Vacant Housing Units | 649 ( 3.2%) |
| Median Home Value | $539,109 |
| Average Home Value | $663,372 |
Housing Distribution
Address Breakdown
Residential
19,426
Single Family
12,485
Multi-Family
6,941
Businesses
1,833
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kathy Callahan • Windermere RE South Sound, Inc
Mls Name: NWMLS
Mls ID: #2467001