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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Federal Way at 824 S 296th Place, Federal Way, WA, 98003 offers a 8% rental yield on a $625,000 purchase with $4,166/mo rent. Total monthly income registers $4,166/mo, and a $3,059/mo payment leaves $409/mo available for distribution. Annual cash flow reaches $4,909/yr on $205,625 to close, and return on cash invested stands at 22.45% in year one. Equity gained on principal adds $4,033/yr while 5% annual appreciation supports $172,676 over five years. Portfolio math shows five-year ROI at 116.21% and total cumulative return in cash at $238,957. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,166/mo property income against a $3,059/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 98003, Federal Way, WA area.
| 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 |
Residential
19,426
Single Family
12,485
Multi-Family
6,941
Businesses
1,833
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: David Berg • Keller Williams Realty PS
Mls Name: NWMLS
Mls ID: #2459429
