20718 9th Avenue Ct E #38, Spanaway, WA, 98387 | $176/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Spanaway at 20718 9th Avenue Ct E #38, Spanaway, WA, 98387 listed at $100,000 pairs $777/mo rent with a $489/mo payment to leave $176/mo cash flow. Total monthly income runs $777/mo, and annual cash flow reaches $2,116/yr on $33,150 cash to close. Return on cash invested measures 26.29% in year one, and rental yield registers 9.32% at a $100,000 basis. Equity gained on principal adds $645/yr, and annual property appreciation at 5% supports $27,628 by year five. Five-year ROI tracks 136.92% and total cumulative return in cash totals $45,388. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $777/mo property income relative to a $489/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Manufactured

Built in 1986

N/A lot

$N/A/sqft

No HOA

More details about the property

Enjoy peaceful living in this welcoming 55+ community, where this fully furnished home offers comfort and convenience from day one. Relax on the covered front porch or in the spacious living and dining areas with new carpet and LVP flooring. The kitchen features an island with overhead storage and a convenient pantry. The primary suite is privately located on one side of the home with a soaking tub, double sinks, separate shower, and ample closet space. On the opposite side, two bedrooms share a connecting half bathperfect for guests or hobbies. Outside, enjoy a fenced side yard, double carport, and extra storage. A comfortable and well-designed place to call home.

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