35851 12th Avenue SW, Federal Way, WA, 98023 | $30/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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35851 12th Avenue SW, Federal Way, WA, 98023 | $30/mo Cash Flow | Ziffy

For Sale

Listed for sale 1 day ago

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 35851 12th Avenue SW, Federal Way, WA, 98023 offers a 7.27% rental yield on a $599,999 purchase with $3,637/mo rent. Total monthly income registers $3,637/mo, and a $2,937/mo payment leaves $30/mo available for distribution. Annual cash flow reaches $360/yr on $197,400 to close, and return on cash invested stands at 20.24% in year one. Equity gained on principal adds $3,872/yr while 5% annual appreciation supports $165,769 over five years. Portfolio math shows five-year ROI at 104.35% and total cumulative return in cash at $205,991. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,637/mo property income against a $2,937/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Manufactured

Built in 1978

9,679 sqft lot

$N/A/sqft

No HOA

More details about the property

Beautifully remodeled and truly turnkey, this elegant 3-bedroom, 2-bath home is filled with natural light and refined finishes throughout. The open living space showcases new flooring, a modern electric fireplace, and a designer kitchen featuring custom cabinetry, sleek countertops, under-cabinet lighting, stainless steel appliances, and a stunning statement island ideal for entertaining. The serene primary suite offers a spa-like retreat with a custom walk-in shower and freestanding soaking tub. Two additional bedrooms plus a dedicated office provide flexibility for todays lifestyle. Enjoy year-round comfort with an efficient heat pump for heating and cooling, along with the privacy of a fully fenced yard. A must-see property.

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