502 182nd Street 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
Investment property for sale in Spanaway at 502 182nd Street E, Spanaway, WA, 98387 listed at $500,000 pairs $3,646/mo rent with a $2,447/mo payment to leave $641/mo cash flow. Total monthly income runs $3,646/mo, and annual cash flow reaches $7,688/yr on $165,750 cash to close. Return on cash invested measures 24.55% in year one, and rental yield registers 8.75% at a $500,000 basis. Equity gained on principal adds $3,226/yr, and annual property appreciation at 5% supports $138,141 by year five. Five-year ROI tracks 127.48% and total cumulative return in cash totals $211,304. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,646/mo property income relative to a $2,447/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2010
6,699 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: Graham Raymond Northcott • Redfin
Mls Name: NWMLS
Mls ID: #2424730