505 SW 305th PlaceFederal WayWA98023
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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 505 SW 305th Place, Federal Way, WA, 98023 listed at $549,950 pairs $2,394/mo rent with a $2,692/mo payment. Total monthly income runs $2,394/mo. Return on cash invested measures 14.01% in year one, and rental yield registers 5.22% at a $549,950 basis. Equity gained on principal adds $3,549/yr, and annual property appreciation at 5% supports $151,941 by year five. Five-year ROI tracks 70.94% and total cumulative return in cash totals $128,358. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,394/mo property income relative to a $2,692/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1960
8,498 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
18,049
Single Family
14,981
Multi-Family
3,068
Businesses
230
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Listed by: David P. Huynh • KW Lake Washington So
Mls Name: NWMLS
Mls ID: #2459200