Federal Way, WA — Rental Investment Analysis

🔴WEAKappreciation play only

Cap Rate

3.5%

Below average

Monthly Cash Flow

-$1,491

After all expenses

Price-to-Rent

15.7

Overpriced for rent

DSCR

0.55

Fails

📊 Key Metrics

Median Home Price
$622,819
Average Rent (3BR)
$3,300/mo
Price-to-Rent Ratio
15.7(high)
1% Rule
0.53%(fails — need 1%+)
Cash-on-Cash Return
-12.5%
Vacancy Rate
8.0%

📈 Market Strength

Assumptions Used

20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance

Customize these numbers →

🏘️ Best Zip Codes in Federal Way for Investors

98023
Cap Rate: 3.5%Cash Flow: -$1,491/mo$622,819
98023
Cap Rate: 3.5%Cash Flow: -$1,491/mo$622,819
98003
Cap Rate: 3.4%Cash Flow: -$1,413/mo$571,110

All Zip Codes in Federal Way

ZipCap RateCash FlowHome PriceRent (3BR)DSCR
980233.5%-$1,491$622,819$3,300/mo0.55
980233.5%-$1,491$622,819$3,300/mo0.55
980033.4%-$1,413$571,110$2,970/mo0.54