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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Federal Way at 30618 8th Avenue S, Federal Way, WA, 98003 generates $1,835/mo in rent, after a $2,741/mo payment. Total monthly income is $1,835/mo. Return on cash invested sits at 9.91% in year one, and rental yield is 3.93% on a $560,000 entry. Equity gained on principal adds $3,614/yr, while 5% annual appreciation builds toward $154,718 over five years. Five-year ROI reaches 49.02% and total cumulative return in cash sums $90,317. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,835/mo property income rather than buyer’s personal income.
Single Family
Built in 1962
10,110 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 98003, Federal Way, WA area.
| 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 |
Residential
19,426
Single Family
12,485
Multi-Family
6,941
Businesses
1,833
Date | Event | Price |
|---|---|---|
| 2025-04-10 | Listed for sale | $560,000 |
| 2015-12-23 | Sold | $245,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-11 | $5029.16 | 2.73% | $456,000 | -7.88% |
| 2022-04-11 | $4895.69 | 9.46% | $495,000 | 26.28% |
| 2021-04-11 | $4472.46 | 6.67% | $392,000 | 13.62% |
Listed by: Joseph Q. Bauman • John L. Scott R.E.Tacoma North
Mls Name: NWMLS
Mls Provider:
Mls ID: #2344795
Disclaimer: Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2025 NWMLS. All rights are reserved. Disclaimer: The information contained in this listing has not been verified by Zillow, Inc. and should be verified by the buyer. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#39)
