1734 SW 318th Place #38BFederal 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
Investment property for sale in Federal Way at 1734 SW 318th Place #38B, Federal Way, WA, 98023 uses $82,875 cash to close to unlock $3,190/yr annual cash flow and $266/mo monthly cash flow. Total monthly income runs $1,769/mo, and a $1,224/mo payment keeps the spread at $266/mo. Purchase price stands at $250,000, and rental yield measures 8.49% with $1,769/mo rent. Return on cash invested shows 23.76% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 123.25% and total cumulative return in cash records $102,142. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,769/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Condo
Built in 1978
N/A 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: Kathy Callahan • Windermere RE South Sound, Inc
Mls Name: NWMLS
Mls ID: #2430777