2738 SW 323rd StreetFederal 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 2738 SW 323rd Street, Federal Way, WA, 98023 listed at $649,950 pairs $4,381/mo rent with a $3,181/mo payment to leave $474/mo cash flow. Total monthly income runs $4,381/mo, and annual cash flow reaches $5,691/yr on $213,834 cash to close. Return on cash invested measures 22.72% in year one, and rental yield registers 8.09% at a $649,950 basis. Equity gained on principal adds $4,194/yr, and annual property appreciation at 5% supports $179,569 by year five. Five-year ROI tracks 117.66% and total cumulative return in cash totals $251,602. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,381/mo property income relative to a $3,181/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1967
9,121 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: Kenneth Patton • COMPASS
Mls Name: NWMLS
Mls ID: #2456721