29645 18th Avenue S #A303Federal 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 29645 18th Avenue S #A303, Federal Way, WA, 98003 uses $94,478 cash to close to unlock $3,561/yr annual cash flow and $297/mo monthly cash flow. Total monthly income runs $2,010/mo, and a $1,395/mo payment keeps the spread at $297/mo. Purchase price stands at $285,000, and rental yield measures 8.46% with $2,010/mo rent. Return on cash invested shows 23.68% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 122.83% and total cumulative return in cash records $116,046. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,010/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Condo
Built in 1990
2.29 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: Tony Hettler • John L. Scott Des Moines
Mls Name: NWMLS
Mls ID: #2470402