19802 69th Avenue Ct 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
Investment property for sale in Spanaway at 19802 69th Avenue Ct E, Spanaway, WA, 98387 offers a 8.26% rental yield on a $457,500 purchase with $3,151/mo rent. Total monthly income registers $3,151/mo, and a $2,239/mo payment leaves $374/mo available for distribution. Annual cash flow reaches $4,489/yr on $151,661 to close, and return on cash invested stands at 22.87% in year one. Equity gained on principal adds $2,952/yr while 5% annual appreciation supports $126,399 over five years. Portfolio math shows five-year ROI at 118.58% and total cumulative return in cash at $179,840. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,151/mo property income against a $2,239/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2016
8,498 sqft lot
$N/A/sqft
$324 annually 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: Juli Falsetta • FirstPoint Real Estate LLC
Mls Name: NWMLS
Mls Provider:
Mls ID: #2391610
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-25 22:24:10 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)