509 S 323rd Pl SE UNIT 15EFederal 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 509 S 323rd Pl SE UNIT 15E, Federal Way, WA, 98003 listed at $299,999 pairs $2,224/mo rent with a $1,468/mo payment. Total monthly income runs $2,224/mo. Return on cash invested measures 17.54% in year one, and rental yield registers 8.9% at a $299,999 basis. Equity gained on principal adds $1,936/yr, and annual property appreciation at 5% supports $82,884 by year five. Five-year ROI tracks 92.61% and total cumulative return in cash totals $92,100. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,224/mo property income relative to a $1,468/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1978
N/A lot
$N/A/sqft
$617 monthly 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: N/A • N/A
Mls Name: FSBO-Online.com
Mls ID: #N/A