18208 12th Avenue Ct ESpanawayWA98387
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 18208 12th Avenue Ct E, Spanaway, WA, 98387 listed at $522,000 pairs $3,242/mo rent with a $2,555/mo payment to leave $104/mo cash flow. Total monthly income runs $3,242/mo, and annual cash flow reaches $1,249/yr on $171,738 cash to close. Return on cash invested measures 20.79% in year one, and rental yield registers 7.45% at a $522,000 basis. Equity gained on principal adds $3,368/yr, and annual property appreciation at 5% supports $144,219 by year five. Five-year ROI tracks 107.3% and total cumulative return in cash totals $184,275. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,242/mo property income relative to a $2,555/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2002
7,305 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kristi Rucker • RE/MAX Honors
Mls Name: NWMLS
Mls ID: #2405949