31841 18th Avenue SW UNIT 35BFederal WayWA98023
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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 31841 18th Avenue SW UNIT 35B, Federal Way, WA, 98023 earns $173/mo cash flow from $2,432/mo rent with a $1,314/mo payment. Total monthly income totals $2,432/mo, and annual cash flow totals $2,079/yr on $88,991 capital. ROI tracks 22.25% on current figures, and rental yield reads 10.87% at a $268,450 purchase. Equity gained on principal adds $1,732/yr, and 5% annual appreciation supports $74,168 over five years. Five-year ROI reaches 118.32% and total cumulative return in cash sums $105,294. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,432/mo property income instead of your personal income.
Townhouse
Built in 1978
N/A lot
$N/A/sqft
$645 monthly 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
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Listed by: Lorraine J Parker • eXp Realty
Mls Name: NWMLS
Mls Provider:
Mls ID: #2304714
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, 2024. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2024 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.