17216 13th Avenue 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
Rental property for sale in Spanaway at 17216 13th Avenue E, Spanaway, WA, 98387 generates $2,752/mo in rent and, after a $1,894/mo payment, leaves $426/mo in cash flow. Total monthly income is $2,752/mo, and annual cash flow is $5,110/yr on $128,291 invested. Return on cash invested sits at 23.89% in year one, and rental yield is 8.53% on a $387,000 entry. Equity gained on principal adds $2,497/yr, while 5% annual appreciation builds toward $106,921 over five years. Five-year ROI reaches 123.96% and total cumulative return in cash sums $159,026. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,752/mo property income rather than buyer’s personal income.
Single Family
Built in 1986
7,501 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: Lawrence D. Tuell • RE/MAX Northwest
Mls Name: NWMLS
Mls ID: #2445972