32623 3rd Place S #2-cFederal 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
Rental property for sale in Federal Way at 32623 3rd Place S #2-c, Federal Way, WA, 98003 generates $2,752/mo in rent and, after a $1,884/mo payment, leaves $438/mo in cash flow. Total monthly income is $2,752/mo, and annual cash flow is $5,257/yr on $127,628 invested. Return on cash invested sits at 24.03% in year one, and rental yield is 8.58% on a $385,000 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 124.72% and total cumulative return in cash sums $159,178. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,752/mo property income rather than buyer’s personal income.
Townhouse
Built in 1981
N/A 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: Melissa L Gaydosh • Beyond Real Estate
Mls Name: NWMLS
Mls ID: #2414603