20016 65th 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
Investment property for sale in Spanaway at 20016 65th Avenue E, Spanaway, WA, 98387 uses $61,328 cash to close to unlock $4,217/yr annual cash flow and $351/mo monthly cash flow. Total monthly income runs $1,463/mo, and a $905/mo payment keeps the spread at $351/mo. Purchase price stands at $185,000, and rental yield measures 9.49% with $1,463/mo rent. Return on cash invested shows 26.79% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 139.52% and total cumulative return in cash records $85,563. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,463/mo property income covering a $905/mo payment rather than investor’s personal income.
Manufactured
Built in 1974
8,468 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: Gael Whalen • COMPASS
Mls Name: NWMLS
Mls ID: #2425203