Spanaway, WA Long-Term Rental Analysis
Analyze rental property cap rates, cash-on-cash returns, and cashflow for long-term rental investments in Spanaway, WA. Based on 10+ datapoints.
Spanaway, WA Long-Term Rental Investment Snapshot
Based on 10+ long-term rental datapoints
Median Cap Rate
3.5%
Avg Cash on Cash
-15.9%
Median Cashflow
-$1,293/mo
Avg Rent Estimate
$2,805/mo
Avg Price
$660,518
Price Range
$459,400 - $1,385,500
Rent to Price
0.42%
low ratio
Positive Cashflow
0%
of analyzed properties
Recent real estate investor listings analysed as long-term rental deals in Spanaway, WA
Spanaway, WA is primarily an appreciation-driven market for long-term rental investors. Cap rates average 3.5%, typical of premium markets where property value growth complements rental income. Investors here build equity through appreciation while rental income covers holding costs.
Based on 10+ analyzed properties, the median monthly cashflow in Spanaway, WA is -$1,293 with average rents of $2,805/month. Properties range from $459,400 to $1,385,500, offering entry points across multiple investment budgets.
16925 Spanaway Loop Road S, Spanaway, WA 98387
Price
$1,385,500
Rent
$3,150
CachFlow
-$6,249
CoC
-25.77
21302 38th Avenue Ct E, Spanaway, WA 98387
Price
$548,200
Rent
$2,835
CachFlow
-$1,414
CoC
-14.74
Spanaway, WA Rental Market Insights
- •Median cashflow is -$1,293/month — careful deal selection is essential here
- •3.5% median cap rate is typical of appreciation-focused markets
- •At 0% positive cashflow rate, Spanaway, WA requires selective property picks
- •Premium market with properties from $459,400 to $1,385,500
- •Consider this market if your strategy favors equity growth with rental income covering holding costs