17612 19th Avenue E #83SpanawayWA98387
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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
Rental property for sale in Spanaway at 17612 19th Avenue E #83, Spanaway, WA, 98387 generates $2,994/mo in rent and, after a $1,318/mo payment, leaves $1,375/mo in cash flow. Total monthly income is $2,994/mo, and annual cash flow is $16,503/yr on $89,290 invested. Return on cash invested sits at 38.39% in year one, and rental yield is 13.34% on a $269,350 entry. Equity gained on principal adds $1,738/yr, while 5% annual appreciation builds toward $74,416 over five years. Five-year ROI reaches 201.77% and total cumulative return in cash sums $180,157. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,994/mo property income rather than buyer’s personal income.
Manufactured
Built in 2005
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
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Listed by: Nancy Williams • John L. Scott, Inc.
Mls Name: NWMLS
Mls Provider:
Mls ID: #2393238
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-27 21:59:37 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)