30208 4th Place SW, Federal Way, WA, 98023 | $1,007/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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30208 4th Place SW, Federal Way, WA, 98023 | $1,007/mo Cash Flow | Ziffy

For Sale

Rental Income

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

Investment property for sale in Federal Way at 30208 4th Place SW, Federal Way, WA, 98023 earns $1,007/mo cash flow from $3,412/mo rent with a $1,958/mo payment. Total monthly income totals $3,412/mo, and annual cash flow totals $12,089/yr on $132,583 capital. ROI tracks 29.03% on current figures, and rental yield reads 10.24% at a $399,950 purchase. Equity gained on principal adds $2,581/yr, and 5% annual appreciation supports $110,499 over five years. Five-year ROI reaches 151.51% and total cumulative return in cash sums $200,880. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,412/mo property income instead of your personal income.

Single Family

Built in 1960

10,079 sqft lot

$N/A/sqft

No HOA

More details about the property

Versatile Living in a Prime Federal Way Location! This spacious home is a rare gemperfect for multi-generational living or savvy investors. Nestled in a quiet cul-de-sac within a friendly neighborhood, it offers two full kitchens (one ready for your personal touch), a private downstairs entrance, and real oak hardwood floors that add timeless warmth. With a new roof installed in 2002, the bones are solid and the possibilities are endless. Whether you're looking to accommodate two households or generate rental income, this home delivers flexibility without sacrificing privacy.Enjoy easy access to top-rated schools, parks, Redondo Beach, public transit, and shoppingeverything you need is just minutes away.

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