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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Spanaway at 16801 Lakeside Drive S, Spanaway, WA, 98387 generates $3,052/mo in rent, after a $5,873/mo payment. Total monthly income is $3,052/mo. Return on cash invested sits at 7.53% in year one, and rental yield is 3.05% on a $1,200,000 entry. Equity gained on principal adds $7,743/yr, while 5% annual appreciation builds toward $331,538 over five years. Five-year ROI reaches 36.1% and total cumulative return in cash sums $140,363. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,052/mo property income rather than buyer’s personal income.
Single Family
Built in 1932
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 98387, Spanaway, WA area.
| 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 |
Residential
17,143
Single Family
16,837
Multi-Family
306
Businesses
643
Date | Event | Price |
|---|---|---|
| 2025-05-23 | Listed for sale | $1,200,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-27 | $8888.49 | 6.19% | $783,000 | 9.11% |
| 2023-05-27 | $8370.53 | -2.28% | $717,600 | -3.73% |
| 2022-05-27 | $8565.80 | 13.60% | $745,400 | 30.77% |
Listed by: Michelle Harold • FirstPoint Real Estate LLC
Mls Name: NWMLS
Mls Provider:
Mls ID: #2380521
Disclaimer: Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2025 NWMLS. All rights are reserved. Disclaimer: The information contained in this listing has not been verified by Zillow, Inc. and should be verified by the buyer. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#39)
