The Cedar Plan, Summit at Steel LakeFederal 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
Rental property for sale in Federal Way at The Cedar Plan, Summit at Steel Lake, Federal Way, WA, 98003 priced at $907,375 pairs $5,209/mo rent with after a $4,441/mo payment. Total monthly income equals $5,209/mo. Return on cash invested is 18.73% in year one, and rental yield stands at 6.89% on a $907,375 basis. Equity gained on principal adds $5,855/yr, and 5% annual appreciation accumulates to $250,691 by year five. Five-year ROI measures 96.38% and total cumulative return in cash reaches $287,723. For financing, Ziffy Mortgage’s DSCR program evaluates $5,209/mo property income against a $4,441/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2026
N/A lot
$N/A/sqft
$85 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 • Soundbuilt Homes
Mls Name: Soundbuilt Homes
Mls Provider:
Mls ID: #N/A