31500 33rd Place SW #U101Federal WayWA98023
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 31500 33rd Place SW #U101, Federal Way, WA, 98023 earns $804/mo cash flow from $2,544/mo rent with a $1,417/mo payment. Total monthly income totals $2,544/mo, and annual cash flow totals $9,645/yr on $95,969 capital. ROI tracks 29.96% on current figures, and rental yield reads 10.55% at a $289,500 purchase. Equity gained on principal adds $1,868/yr, and 5% annual appreciation supports $79,984 over five years. Five-year ROI reaches 156.5% and total cumulative return in cash sums $150,195. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,544/mo property income instead of your personal income.
Condo
Built in 1990
28.64 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
18,049
Single Family
14,981
Multi-Family
3,068
Businesses
230
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ara Hakobyan • Ara Realty
Mls Name: NWMLS
Mls ID: #2414151