34007 1st Circle SFederal 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
Investment property for sale in Federal Way at 34007 1st Circle S, Federal Way, WA, 98003 offers a 1.99% rental yield on a $1,395,000 purchase with $2,312/mo rent. 24% in year one. Equity gained on principal adds $9,002/yr while 5% annual appreciation supports $385,413 over five years. Portfolio math shows five-year ROI at 18.51% and total cumulative return in cash at $83,650. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,312/mo property income against a $6,828/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1979
0.41 Acres 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: Taylor Wyman • Northmarq Multifamily, LLC
Mls Name: NWMLS
Mls ID: #2449226