33422 29th Place SW, Federal Way, WA, 98023 | $53/mo Cash Flow

For Sale

Airbnb Potential

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

Rental property for sale in Federal Way at 33422 29th Place SW, Federal Way, WA, 98023 generates $3,960/mo in rent and, after a $3,181/mo payment, leaves $53/mo in cash flow. Total monthly income is $3,960/mo, and annual cash flow is $639/yr on $213,834 invested. Return on cash invested sits at 20.36% in year one, and rental yield is 7.31% on a $649,950 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation builds toward $179,569 over five years. Five-year ROI reaches 105% and total cumulative return in cash sums $224,530. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,960/mo property income rather than buyer’s personal income.

Single Family

Built in 1976

7,562 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautifully remodeled daylight rambler offering comfort, style, and flexibility. Entertain in the stunning open-concept kitchen or host BBQs on the expansive 550 sq. ft. deck overlooking a private fenced backyard. Relax by the cozy fireplace or retreat to the spacious main-floor primary suite with its elegant bath. Two additional bedrooms and a full bath complete the main level. The bright daylight basement includes a separate entrance, two bedrooms, and a full bathideal for multi-generational living, a MIL suite, or Airbnb potential. Conveniently located near shopping, dining, parks, and walking trails, this home truly has it all!

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