2218 143rd Street Ct S, Spanaway, WA, 98387 | 6.4% Rental Yield

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2218 143rd Street Ct S, Spanaway, WA, 98387 | 6.4% Rental Yield | Ziffy

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

Rental property for sale in Spanaway at 2218 143rd Street Ct S, Spanaway, WA, 98387 generates $3,202/mo in rent, after a $2,936/mo payment. Total monthly income is $3,202/mo. Return on cash invested sits at 17.6% in year one, and rental yield is 6.4% on a $599,950 entry. Equity gained on principal adds $3,871/yr, while 5% annual appreciation builds toward $165,755 over five years. Five-year ROI reaches 90.23% and total cumulative return in cash sums $178,100. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,202/mo property income rather than buyer’s personal income.

Single Family

Built in 2003

0.38 Acres lot

$N/A/sqft

No HOA

More details about the property

This well-maintained 1 owner 3 bedroom, 2 bath home sits on a spacious .38 acre lot at the end of a quiet cul-de-sac, offering privacy and room to enjoy. Built in 2003 & thoughtfully cared for inside and out, the home welcomes you with vaulted ceilings and skylights that fill the spaces with natural light. The open floor plan creates an airy feel, perfect for both everyday living and entertaining. The backyard does boast an oversized patio to enjoy and a fully fenced yard provides space for play, pets, and gardening, while the attached 2-car garage offers convenience and storage. With its combination of comfort, space, and location, this property is ready to be your next home. There is a garden shed and RV parking included.

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