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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Spanaway, WA
$ 175,000
ROI
26.5
Cash Flow/m
326- 3 Bed
- 2 Bath
- 1407 sft
16501 4th Avenue Ct E #95, Spanaway, WA, 98387
$ 190,000
ROI
25.3Cash Flow/m
294- 4 Bed
- 2 Bath
- 1782 sft
8215 192nd Street Ct E #34, Spanaway, WA, 98387
$ 125,000
ROI
26.5Cash Flow/m
234- 3 Bed
- 2 Bath
- 1772 sft
8009 195th Street E #89, Spanaway, WA, 98387
$ 140,000
ROI
26.0Cash Flow/m
241- 2 Bed
- 2 Bath
- 924 sft
603 167th Street Ct E #17, Spanaway, WA, 98387
Why Invest in Spanaway, Washington?
Spanaway, WA offers compelling opportunities for investors targeting properties under $200k, particularly manufactured homes and condos in affordable communities. Proximity to Joint Base Lewis-McChord drives steady rental demand from military personnel. Average rents around $1,500 provide solid yields, with cap rates near 7% and annual appreciation of 4-5%. Renter occupancy exceeds 40%, supporting reliable cash flow in this growing suburb.
9.2%
Avg. ROI
8.5%
Rental Yield
7.1%
Cap Rate
$420/mo
Avg. Cash Flow
$1520/mo
Avg. Rent
4.8%
1Y Appreciation
Frequently Asked Questions
Yes, primarily manufactured homes and condos in 55+ communities are available under $200k. These offer strong rental potential near military bases. Expect 2-3 bedroom units around 900-1,200 sqft.
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