20402 15th 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
Rental property for sale in Spanaway at 20402 15th Avenue Ct E, Spanaway, WA, 98387 generates $3,320/mo in rent, after a $2,932/mo payment. Total monthly income is $3,320/mo. Return on cash invested sits at 18.35% in year one, and rental yield is 6.65% on a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 94.23% and total cumulative return in cash sums $185,698. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,320/mo property income rather than buyer’s personal income.
Single Family
Built in 1992
0.39 Acres 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: Violeta Yordanova • Market Realty
Mls Name: NWMLS
Mls ID: #2463404