6205 197th 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 6205 197th Street E, Spanaway, WA, 98387 uses $165,750 cash to close to unlock $560/yr annual cash flow and $47/mo monthly cash flow. Total monthly income runs $3,052/mo, and a $2,447/mo payment keeps the spread at $47/mo. Purchase price stands at $499,999, and rental yield measures 7.32% with $3,052/mo rent. Return on cash invested shows 20.25% in year one, and 5% annual appreciation builds toward $138,141 over five years. Five-year ROI reaches 104.42% and total cumulative return in cash records $173,071. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,052/mo property income covering a $2,447/mo payment rather than investor’s personal income.
Single Family
Built in 2006
8,398 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: Aleksandr Frankov • eXp Realty
Mls Name: NWMLS
Mls ID: #2411317