The Liam 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 Liam Plan, Summit at Steel Lake, Federal Way, WA, 98003 priced at $922,950 converts $5,152/mo rent into after a $4,517/mo obligation. Total monthly income equals $5,152/mo. Return on cash invested prints 18.16% in year one, and rental yield reads 6.7% against a $922,950 entry. Equity gained on principal adds $5,956/yr, while 5% annual appreciation compiles into $254,994 by year five. Five-year ROI reaches 93.32% and total cumulative return in cash sums $283,373. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,152/mo property income covering a $4,517/mo payment, not borrower’s personal income.
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