5012 216th Street Ct 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
Rental property for sale in Spanaway at 5012 216th Street Ct E, Spanaway, WA, 98387 generates $2,785/mo in rent, after a $2,447/mo payment. Total monthly income is $2,785/mo. Return on cash invested sits at 18.31% in year one, and rental yield is 6.68% on a $499,950 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation builds toward $138,127 over five years. Five-year ROI reaches 94.05% and total cumulative return in cash sums $155,872. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,785/mo property income rather than buyer’s personal income.
Single Family
Built in 1988
10,380 sqft 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: Ashley L Mills • Windermere Prof Partners
Mls Name: NWMLS
Mls ID: #2463047