204 SW 298th PlaceFederal 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 204 SW 298th Place, Federal Way, WA, 98023 earns from $4,405/mo rent with a $5,384/mo payment. Total monthly income totals $4,405/mo. ROI tracks 12.94% on current figures, and rental yield reads 4.81% at a $1,100,000 purchase. Equity gained on principal adds $7,098/yr, and 5% annual appreciation supports $303,910 over five years. Five-year ROI reaches 65.12% and total cumulative return in cash sums $232,099. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,405/mo property income instead of your personal income.
Single Family
Built in 1965
9,626 sqft 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: #2457369