4622 211th Street ESpanawayWA98387
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 4622 211th Street E, Spanaway, WA, 98387 offers a 8.44% rental yield on a $505,000 purchase with $3,553/mo rent. Total monthly income registers $3,553/mo, and a $2,472/mo payment leaves $517/mo available for distribution. Annual cash flow reaches $6,205/yr on $166,145 to close, and return on cash invested stands at 23.79% in year one. Equity gained on principal adds $3,259/yr while 5% annual appreciation supports $139,522 over five years. Portfolio math shows five-year ROI at 123.43% and total cumulative return in cash at $205,074. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,553/mo property income against a $2,472/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2001
0.28 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brian Richards • Redfin
Mls Name: NWMLS
Mls ID: #2414895