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%

Avg Cash on Cash

-14.6%

Median Cashflow

-$1,720/mo

Avg Rent Estimate

$3,072/mo

Avg Price

$683,462

Price Range

$635,300 - $767,200

Rent to Price

0.45%

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%, 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 -$1,720 with average rents of $3,072/month. Properties range from $635,300 to $767,200, offering entry points across multiple investment budgets.

3713 SW 338th Place, Federal Way, WA 98023

Price

$399,000

Rent

$2,940

CachFlow

-$349

CoC

-5

Full Analysis

33921 12th Place SW, Federal Way, WA 98023

Price

$712,900

Rent

$3,379

CachFlow

-$1,813

CoC

-14.53

Full Analysis

2114 SW 322nd Street, Federal Way, WA 98023

Price

$644,900

Rent

$2,723

CachFlow

-$1,720

CoC

-15.24

Full Analysis

28425 15th Place S, Federal Way, WA 98003

Price

$485,100

Rent

$2,871

CachFlow

-$925

CoC

-10.9

Full Analysis

29819 5th Avenue SW, Federal Way, WA 98023

Price

$767,200

Rent

$2,772

CachFlow

-$2,549

CoC

-18.99

Full Analysis
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Federal Way, WA Rental Market Insights

  • Median cashflow is -$1,720/month — careful deal selection is essential here
  • 3% 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 $635,300 to $767,200
  • Consider this market if your strategy favors equity growth with rental income covering holding costs

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