15520 Fair Oaks Drive SSpanawayWA98387
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Spanaway at 15520 Fair Oaks Drive S, Spanaway, WA, 98387 earns $462/mo cash flow from $3,077/mo rent with a $2,129/mo payment. Total monthly income totals $3,077/mo, and annual cash flow totals $5,547/yr on $144,203 capital. ROI tracks 23.76% on current figures, and rental yield reads 8.49% at a $435,000 purchase. Equity gained on principal adds $2,807/yr, and 5% annual appreciation supports $120,182 over five years. Five-year ROI reaches 123.26% and total cumulative return in cash sums $177,744. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,077/mo property income instead of your personal income.
Single Family
Built in 1991
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98387, Spanaway, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,644 (100%) |
| Owner Occupied HU | 13,271 (75.2%) |
| Renter Occupied HU | 3,965 (22.5%) |
| Vacant Housing Units | 408 ( 2.3%) |
| Median Home Value | $526,528 |
| Average Home Value | $531,866 |
Housing Distribution
Address Breakdown
Residential
17,143
Single Family
16,837
Multi-Family
306
Businesses
643
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Listed by: Sandy McKenzie • Engel & Voelkers Chambers Bay
Mls Name: NWMLS
Mls Provider:
Mls ID: #2375579
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-28 04:14:41 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)