1609 200th Street Ct ESpanawayWA98387
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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
Investment property for sale in Spanaway at 1609 200th Street Ct E, Spanaway, WA, 98387 earns $215/mo cash flow from $3,280/mo rent with a $2,496/mo payment. Total monthly income totals $3,280/mo, and annual cash flow totals $2,574/yr on $167,790 capital. ROI tracks 21.59% on current figures, and rental yield reads 7.72% at a $510,000 purchase. Equity gained on principal adds $3,291/yr, and 5% annual appreciation supports $140,904 over five years. Five-year ROI reaches 111.63% and total cumulative return in cash sums $187,299. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,280/mo property income instead of your personal income.
Single Family
Built in 2000
4,255 sqft 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: DraVonne Jones • Windermere Real Estate/East
Mls Name: NWMLS
Mls ID: #2456903