2431 S 371st Street #20Federal WayWA98003
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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 2431 S 371st Street #20, Federal Way, WA, 98003 uses $62,968 cash to close to unlock $3,827/yr annual cash flow and $319/mo monthly cash flow. Total monthly income runs $1,461/mo, and a $930/mo payment keeps the spread at $319/mo. Purchase price stands at $189,950, and rental yield measures 9.23% with $1,461/mo rent. Return on cash invested shows 25.99% in year one, and 5% annual appreciation builds toward $52,480 over five years. Five-year ROI reaches 135.21% and total cumulative return in cash records $85,137. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,461/mo property income covering a $930/mo payment rather than investor’s personal income.
Manufactured
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98003, Federal Way, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,028 (100%) |
| Owner Occupied HU | 9,192 (45.9%) |
| Renter Occupied HU | 10,187 (50.9%) |
| Vacant Housing Units | 649 ( 3.2%) |
| Median Home Value | $539,109 |
| Average Home Value | $663,372 |
Housing Distribution
Address Breakdown
Residential
19,426
Single Family
12,485
Multi-Family
6,941
Businesses
1,833
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Listed by: Alejandra Calderon • RSVP Brokers ERA
Mls Name: NWMLS
Mls ID: #2465824