The Durham Plan, The Landing at Spanaway Lake, Spanaway, WA, 98387 | $315/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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The Durham Plan, The Landing at Spanaway Lake, Spanaway, WA, 98387 | $315/mo Cash Flow | Ziffy

For Sale

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NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Spanaway at The Durham Plan, The Landing at Spanaway Lake, Spanaway, WA, 98387 priced at $740,180 pairs $4,807/mo rent with $315/mo cash flow after a $3,623/mo payment. Total monthly income equals $4,807/mo, and annual cash flow comes to $3,786/yr on $243,519 invested. Return on cash invested is 21.61% in year one, and rental yield stands at 7.79% on a $740,180 basis. Equity gained on principal adds $4,776/yr, and 5% annual appreciation accumulates to $204,498 by year five. Five-year ROI measures 111.8% and total cumulative return in cash reaches $272,251. For financing, Ziffy Mortgage’s DSCR program evaluates $4,807/mo property income against a $3,623/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 2025

N/A lot

$N/A/sqft

$42 monthly HOA

More details about the property

The Durham is the perfect plan for larger families and those who love to entertain.. On the lower level, there is efficient flow between the living room, dining room and kitchen areas. The master suite and additional three bedrooms reside upstairs with a spacious bonus room. Enjoy a tucked away laundry room, covered patio, and great room fireplace.

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