1919 SW 346th Place, Federal Way, WA, 98023 | 6.88% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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1919 SW 346th Place, Federal Way, WA, 98023 | 6.88% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $4,128/mo, and a $3,523/mo payment. Purchase price stands at $719,800, and rental yield measures 6.88% with $4,128/mo rent. Return on cash invested shows 19.05% in year one, and 5% annual appreciation builds toward $198,867 over five years. Five-year ROI reaches 97.99% and total cumulative return in cash records $232,060. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,128/mo property income covering a $3,523/mo payment rather than investor’s personal income.

Single Family

Built in 2005

8,546 sqft lot

$N/A/sqft

No HOA

More details about the property

Gracious and welcoming, this home will give you all the good feels! Spacious yet cozy, there is space for everyone to be together, or enjoy alone time. Light and bright, the kitchen features a walk-in pantry, stainless appliances, and modern finishes. A big upstairs bonus room is made for movies and games, but also features a large closet, so it can be a 4th bedroom/guest room. Upstairs loft space is perfect for studying or curling up with a good book. The spacious, flat, south-facing, fully fenced backyard has plenty of room to garden and play, with a patio made for entertaining. Walk out the back gate onto the BPA trail! Community playground just one door down. Convenient for commuters, the Twin Lakes Park & Ride is a hop away.

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