28418 16th Avenue S #302Federal 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 28418 16th Avenue S #302, Federal Way, WA, 98003 earns $452/mo cash flow from $2,074/mo rent with a $1,321/mo payment. Total monthly income totals $2,074/mo, and annual cash flow totals $5,419/yr on $89,488 capital. ROI tracks 25.96% on current figures, and rental yield reads 9.22% at a $269,950 purchase. Equity gained on principal adds $1,742/yr, and 5% annual appreciation supports $74,582 over five years. Five-year ROI reaches 135.1% and total cumulative return in cash sums $120,897. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,074/mo property income instead of your personal income.
Condo
Built in 1979
0.80 Acres 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: Renee E Gray • John L. Scott, Inc.
Mls Name: NWMLS
Mls ID: #2435161