35814 11th Avenue SW, Federal Way, WA, 98023 | $246/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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35814 11th Avenue SW, Federal Way, WA, 98023 | $246/mo Cash Flow | Ziffy

For Sale

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

Investment property for sale in Federal Way at 35814 11th Avenue SW, Federal Way, WA, 98023 listed at $600,000 pairs $3,853/mo rent with a $2,937/mo payment to leave $246/mo cash flow. Total monthly income runs $3,853/mo, and annual cash flow reaches $2,952/yr on $197,400 cash to close. Return on cash invested measures 21.56% in year one, and rental yield registers 7.71% at a $600,000 basis. Equity gained on principal adds $3,872/yr, and annual property appreciation at 5% supports $165,769 by year five. Five-year ROI tracks 111.39% and total cumulative return in cash totals $219,888. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,853/mo property income relative to a $2,937/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1942

0.37 Acres lot

$N/A/sqft

No HOA

More details about the property

Fresh, clean and impressive and situated on a 16,074 SF level lot! Over 2000 SF and offers brand new flooring. Perfect floor plan, light bright and spacious. 3 bedrooms up with full bath & half bath and additional bedroom downstairs with full bath. Wonderful large rambler with mostly finished basement. You will love the darling country kitchen with large yet cozy eating space. New interior paint & it has A/C. Detached 2 car garage with work space, RV parking & plenty of storage. Situated on over a 3rd acre, completely fenced with dog run, extra RV gate & huge barn/shed with power. Lovely, quiet neighborhood and ever so convenient to everything! You will fall in love! Appointment ONLY please call LA first.

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