2811 SW 350th, Federal Way, WA, 98023 | $27/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2811 SW 350th, Federal Way, WA, 98023 | $27/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 2811 SW 350th, Federal Way, WA, 98023 generates $4,205/mo in rent and, after a $3,402/mo payment, leaves $27/mo in cash flow. Total monthly income is $4,205/mo, and annual cash flow is $323/yr on $228,655 invested. Return on cash invested sits at 20.2% in year one, and rental yield is 7.26% on a $695,000 entry. Equity gained on principal adds $4,485/yr, while 5% annual appreciation builds toward $192,016 over five years. Five-year ROI reaches 104.13% and total cumulative return in cash sums $238,110. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,205/mo property income rather than buyer’s personal income.

Single Family

Built in 1990

7,209 sqft lot

$N/A/sqft

No HOA

More details about the property

Beautiful home close to all amenities in Federal Way, brand new paint inside & out, new wood floors, brand new kitchen cabinets, floors, appliances still w/store tags, new granite counter tops, new lighting, new deck, gas fireplace, ready to move in. Located on very nice neighborhood close to stores, restaurants, schools, bus stop, City Hall, High ceilings, house is full of natural light w/wonderful city & mountains view. Spindled stairs up to master suite w/5pc bath. Covered front porch entry, multilevel deck, garden shed, all fenced back yard, 50gal air compressor incl w/connection to garage, a dream 2 car garage w/extra 260 sf bonus room for toys, storage or utility room exceeds expectations, don't miss. Very quiet attractive cul-de sac.

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