36201 23rd Place 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 36201 23rd Place S, Federal Way, WA, 98003 offers a 6.66% rental yield on a $698,500 purchase with $3,875/mo rent. 37% in year one. Equity gained on principal adds $4,507/yr while 5% annual appreciation supports $192,983 over five years. Portfolio math shows five-year ROI at 94.33% and total cumulative return in cash at $216,781. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,875/mo property income against a $3,419/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
6,080 sqft 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: Robin Root James • John L. Scott, Inc.
Mls Name: NWMLS
Mls ID: #2464128