2500 S 370th Street #138, Federal Way, WA, 98003 | $245/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2500 S 370th Street #138, Federal Way, WA, 98003 | $245/mo Cash Flow | 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

Rental property for sale in Federal Way at 2500 S 370th Street #138, Federal Way, WA, 98003 generates $1,009/mo in rent and, after a $622/mo payment, leaves $245/mo in cash flow. Total monthly income is $1,009/mo, and annual cash flow is $2,942/yr on $42,101 invested. Return on cash invested sits at 26.9% in year one, and rental yield is 9.53% on a $127,000 entry. Equity gained on principal adds $820/yr, while 5% annual appreciation builds toward $35,088 over five years. Five-year ROI reaches 140.2% and total cumulative return in cash sums $59,025. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,009/mo property income rather than buyer’s personal income.

Manufactured

Built in 1983

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to Kloshe Illahee, a sought-after 55+ community! This well-kept double-wide home offers comfort and peace of mind with updated windows plus a brand-new, all-in-one HVAC unit for year-round high-efficiency heating and cooling. Enjoy a spacious floor plan with plenty of natural light, a functional kitchen, and generous living areas designed for easy living. Relax on your private patio or take advantage of the park's amenities, including a gorgeous lodge-style clubhouse with meeting area, fitness room, billiards, movie room, sauna, spa, and a heated outdoor poolperfect for staying active and connecting with neighbors. Conveniently located near shopping, healthcare, and local conveniences, this is a wonderful place to call home!

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