16501 4th Avenue Ct E #95SpanawayWA98387
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 16501 4th Avenue Ct E #95, Spanaway, WA, 98387 uses $58,013 cash to close to unlock $3,907/yr annual cash flow and $326/mo monthly cash flow. Total monthly income runs $1,378/mo, and a $857/mo payment keeps the spread at $326/mo. Purchase price stands at $175,000, and rental yield measures 9.45% with $1,378/mo rent. Return on cash invested shows 26.64% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 138.75% and total cumulative return in cash records $80,491. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,378/mo property income covering a $857/mo payment rather than investor’s personal income.
Manufactured
Built in 1993
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Charles Peri • Realty One Group Bold
Mls Name: NWMLS
Mls ID: #2465505