








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Federal Way at 1920 SW 354th Street, Federal Way, WA, 98023 uses $197,400 cash to close to unlock $4,668/yr annual cash flow and $389/mo monthly cash flow. Total monthly income runs $3,996/mo, and a $2,937/mo payment keeps the spread at $389/mo. Purchase price stands at $600,000, and rental yield measures 7.99% with $3,996/mo rent. Return on cash invested shows 22.43% in year one, and 5% annual appreciation builds toward $165,769 over five years. Five-year ROI reaches 116.06% and total cumulative return in cash records $229,104. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,996/mo property income covering a $2,937/mo payment rather than investor’s personal income.
Single Family
Built in 1984
9,352 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 98023, Federal Way, WA area.
| 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 |
Residential
18,049
Single Family
14,981
Multi-Family
3,068
Businesses
230
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Jessica Ward • Keller Williams Realty PS
Mls Name: NWMLS
Mls ID: #2400865