








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 1922 SW 318th Place #13C, Federal Way, WA, 98023 earns $584/mo cash flow from $2,490/mo rent with a $1,552/mo payment. Total monthly income totals $2,490/mo, and annual cash flow totals $7,008/yr on $105,088 capital. ROI tracks 26.58% on current figures, and rental yield reads 9.43% at a $317,007 purchase. Equity gained on principal adds $2,046/yr, and 5% annual appreciation supports $87,583 over five years. Five-year ROI reaches 138.41% and total cumulative return in cash sums $145,451. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,490/mo property income instead of your personal income.
Condo
Built in 1978
N/A 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: Debbie R. Snodgrass • Keller Williams Realty PS
Mls Name: NWMLS
Mls ID: #2459893