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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
$ 199,000
ROI
25.5
Cash Flow/m
318- 2 Bed
- 2 Bath
- 1243 sft
605 167th Court E #16, Spanaway, WA, 98387
$ 130,000
ROI
26.0Cash Flow/m
228- 2 Bed
- 1 Bath
- 924 sft
20710 9th Avenue E #16, Spanaway, WA, 98387
$ 200,000
ROI
23.8Cash Flow/m
223- 3 Bed
- 2 Bath
- 1844 sft
601 166th Street Ct E, Spanaway, WA, 98387
$ 150,000
ROI
26.3Cash Flow/m
273- 3 Bed
- 2 Bath
- 1188 sft
20727 8th Avenue Ct E #1, 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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