REI Lense

REI Lense

Federal Way, WA Long-Term Rental Analysis

Analyze rental property cap rates, cash-on-cash returns, and cashflow for long-term rental investments in Federal Way, WA. Based on 10+ datapoints.

Federal Way, WA Long-Term Rental Investment Snapshot

Based on 10+ long-term rental datapoints

Median Cap Rate

3.8%

Avg Cash on Cash

-11.1%

Median Cashflow

-$1,166/mo

Avg Rent Estimate

$3,018/mo

Avg Price

$565,350

Price Range

$399,000 - $712,900

Rent to Price

0.53%

low ratio

Positive Cashflow

0%

of analyzed properties

Recent real estate investor listings analysed as long-term rental deals in Federal Way, WA

Federal Way, WA is primarily an appreciation-driven market for long-term rental investors. Cap rates average 3.8%, typical of premium markets where property value growth complements rental income. Investors here build equity through appreciation while rental income covers holding costs.

Based on 10+ analyzed properties, the median monthly cashflow in Federal Way, WA is -$1,166 with average rents of $3,018/month. Properties range from $399,000 to $712,900, offering entry points across multiple investment budgets.

31756 42nd Avenue SW, Federal Way, WA 98023

Price

$604,200

Rent

$3,124

CachFlow

-$1,451

CoC

-13.72

Full Analysis

606 SW 302nd Street, Federal Way, WA 98023

Price

$499,999

Rent

$2,811

CachFlow

-$644

CoC

-7.36

Full Analysis

29836 1st Avenue S, Federal Way, WA 98003

Price

$690,000

Rent

$3,121

CachFlow

-$1,446

CoC

-11.98

Full Analysis

2349 SW 341st Place, Federal Way, WA 98023

Price

$502,300

Rent

$2,746

CachFlow

-$1,027

CoC

-11.68

Full Analysis

35011 27th Avenue SW, Federal Way, WA 98023

Price

$447,200

Rent

$2,906

CachFlow

-$690

CoC

-8.82

Full Analysis
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Federal Way, WA Rental Market Insights

  • Median cashflow is -$1,166/month — careful deal selection is essential here
  • 3.8% median cap rate is typical of appreciation-focused markets
  • At 0% positive cashflow rate, Federal Way, WA requires selective property picks
  • Premium market with properties from $399,000 to $712,900
  • Consider this market if your strategy favors equity growth with rental income covering holding costs

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