15408 8th Avenue Ct ESpanawayWA98445
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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 Spanaway at 15408 8th Avenue Ct E, Spanaway, WA, 98445 generates $2,729/mo in rent and, after a $1,591/mo payment, leaves $252/mo in cash flow. Total monthly income is $2,729/mo, and annual cash flow is $3,019/yr on $107,738 invested. Return on cash invested sits at 22.71% in year one, and rental yield is 10.08% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 119.77% and total cumulative return in cash sums $129,037. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,729/mo property income rather than buyer’s personal income.
Condo
Built in 1994
10,267 sqft lot
$N/A/sqft
$429 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98445, Tacoma, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,846 (100%) |
| Owner Occupied HU | 8,360 (65.1%) |
| Renter Occupied HU | 4,046 (31.5%) |
| Vacant Housing Units | 440 ( 3.4%) |
| Median Home Value | $501,412 |
| Average Home Value | $537,717 |
Housing Distribution
Address Breakdown
Residential
11,723
Single Family
10,782
Multi-Family
941
Businesses
231
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Listed by: Christine A. Phillips • RE/MAX Realty South
Mls Name: NWMLS
Mls Provider:
Mls ID: #2381477
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-25 03:43:59 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#39)