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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Spanaway at 3010 248th Street Ct E, Spanaway, WA, 98387 generates $3,200/mo in rent and, after a $2,100/mo payment, leaves $520/mo in cash flow. Total monthly income is $3,200/mo, and annual cash flow is $6,237/yr on $142,214 invested. Return on cash invested sits at 24.29% in year one, and rental yield is 8.95% on a $429,000 entry. Equity gained on principal adds $2,768/yr, while 5% annual appreciation builds toward $118,525 over five years. Five-year ROI reaches 126.44% and total cumulative return in cash sums $179,809. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,200/mo property income rather than buyer’s personal income.
Manufactured
Built in 1990
1.52 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 98387, Spanaway, WA area.
| 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 |
Residential
17,143
Single Family
16,837
Multi-Family
306
Businesses
643
Date | Event | Price |
|---|---|---|
| 2025-07-22 | Sold | $429,000 |
| 2025-06-23 | Pending sale | $429,000 |
| 2025-06-20 | Listed for sale | $429,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-04 | $4816.79 | -0.06% | $424,300 | 2.09% |
| 2023-11-04 | $4819.53 | 3.63% | $415,600 | 2.41% |
| 2022-11-04 | $4650.54 | 5.46% | $405,800 | 20.24% |
Listed by: Heidi North • Keller Williams Realty PS
Mls Name: NWMLS
Mls Provider:
Mls ID: #2392579
Disclaimer: Based on information submitted to the MLS GRID as of 2025-11-03 20:59:26 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#39)
