22416 40th 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
Total monthly income runs $2,687/mo, and a $3,549/mo payment. Purchase price stands at $725,000, and rental yield measures 4.45% with $2,687/mo rent. Return on cash invested shows 11.65% in year one, and 5% annual appreciation builds toward $200,304 over five years. Five-year ROI reaches 58.29% and total cumulative return in cash records $139,037. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,687/mo property income covering a $3,549/mo payment rather than investor’s personal income.
Multi Family
Built in 1982
0.45 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
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Listed by: Andrew Kramer • Redfin
Mls Name: NWMLS
Mls ID: #2451815