2828 S 285th PlFederal 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 2828 S 285th Pl, Federal Way, WA, 98003 listed at $532,000 pairs $3,245/mo rent with a $2,604/mo payment to leave $41/mo cash flow. Total monthly income runs $3,245/mo, and annual cash flow reaches $489/yr on $175,028 cash to close. Return on cash invested measures 20.34% in year one, and rental yield registers 7.32% at a $532,000 basis. Equity gained on principal adds $3,433/yr, and annual property appreciation at 5% supports $146,982 by year five. Five-year ROI tracks 104.9% and total cumulative return in cash totals $183,610. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,245/mo property income relative to a $2,604/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1980
7,209 sqft 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: Nikki Sandhu • John L. Scott, Inc
Mls Name: NWMLS
Mls Provider:
Mls ID: #2356491
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-26 04:39:37 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#39)