237 167th Street SSpanawayWA98387
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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 237 167th Street S, Spanaway, WA, 98387 uses $147,352 cash to close to unlock $20/yr annual cash flow and $2/mo monthly cash flow. Total monthly income runs $2,674/mo, and a $2,176/mo payment keeps the spread at $2/mo. Purchase price stands at $444,500, and rental yield measures 7.22% with $2,674/mo rent. Return on cash invested shows 19.92% in year one, and 5% annual appreciation builds toward $122,807 over five years. Five-year ROI reaches 102.68% and total cumulative return in cash records $151,303. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,674/mo property income covering a $2,176/mo payment rather than investor’s personal income.
Single Family
Built in 1967
0.40 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: Joaquin Vidrio • Skyline Properties, Inc.
Mls Name: NWMLS
Mls ID: #2450821