Under $200K Investment Properties for Sale in Spanaway, WA
Listed for sale 5 days ago
$ 120,000
ROI
25.5
Cash Flow/m
191- 3 Bed
- 2 Bath
- 1188 sft
20618 10th Avenue E #47, Spanaway, WA, 98387
Currently Rented
$ 199,950
ROI
26.2Cash Flow/m
359- 2 Bed
- 1 Bath
- 700 sft
25405 34th Avenue E, Spanaway, WA, 98387
$ 168,000
ROI
26.2Cash Flow/m
299- 3 Bed
- 2 Bath
- 1176 sft
16604 4th Avenue Ct E #119, Spanaway, WA, 98387
$ 199,950
ROI
26.8Cash Flow/m
391- 2 Bed
- 2 Bath
- 1318 sft
17708 21st Avenue E, 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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