20010 24th 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
Total monthly income runs $3,396/mo, and a $2,932/mo payment. Purchase price stands at $599,000, and rental yield measures 6.8% with $3,396/mo rent. Return on cash invested shows 18.81% in year one, and 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 96.71% and total cumulative return in cash records $190,594. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,396/mo property income covering a $2,932/mo payment rather than investor’s personal income.
Single Family
Built in 2020
5,222 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: Ruby Nemenzo • WeLakeside
Mls Name: NWMLS
Mls ID: #2413099