28610 16th Avenue S #303Federal 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 28610 16th Avenue S #303, Federal Way, WA, 98003 earns $517/mo cash flow from $2,170/mo rent with a $1,346/mo payment. Total monthly income totals $2,170/mo, and annual cash flow totals $6,203/yr on $91,162 capital. ROI tracks 26.71% on current figures, and rental yield reads 9.47% at a $274,997 purchase. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,977 over five years. Five-year ROI reaches 139.1% and total cumulative return in cash sums $126,802. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,170/mo property income instead of your personal income.
Condo
Built in 1990
143.75 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: Lorna Murray • RE/MAX Equity Group
Mls Name: NWMLS
Mls ID: #2464243