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 15+ datapoints.
Spanaway, WA Long-Term Rental Investment Snapshot
Based on 15+ long-term rental datapoints
Median Cap Rate
3.5%
Avg Cash on Cash
-13%
Median Cashflow
-$1,092/mo
Avg Rent Estimate
$2,825/mo
Avg Price
$515,379
Price Range
$464,800 - $581,200
Rent to Price
0.55%
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 15+ analyzed properties, the median monthly cashflow in Spanaway, WA is -$1,092 with average rents of $2,825/month. Properties range from $464,800 to $581,200, offering entry points across multiple investment budgets.
21302 38th Avenue Ct E, Spanaway, WA 98387
Price
$548,200
Rent
$2,835
CachFlow
-$1,414
CoC
-14.74
1119 Lake Vista Boulevard S, Spanaway, WA 98387
Price
$976,600
Rent
$3,004
CachFlow
-$3,929
CoC
-22.99
1417 196th Street Ct E, Spanaway, WA 98387
Price
$483,900
Rent
$2,613
CachFlow
-$1,067
CoC
-12.6
Spanaway, WA Rental Market Insights
- •Median cashflow is -$1,092/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 $464,800 to $581,200
- •Consider this market if your strategy favors equity growth with rental income covering holding costs