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
-13.4%
Median Cashflow
-$1,146/mo
Avg Rent Estimate
$2,786/mo
Avg Price
$529,367
Price Range
$350,500 - $670,300
Rent to Price
0.53%
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 -$1,146 with average rents of $2,786/month. Properties range from $350,500 to $670,300, offering entry points across multiple investment budgets.
451 185th Street Ct E #16, Spanaway, WA 98387
Price
$549,950
Rent
$3,426
CachFlow
-$904
CoC
-9.39
3909 212th Street Ct E, Spanaway, WA 98387
Price
$524,200
Rent
$2,730
CachFlow
-$1,236
CoC
-13.47
5807 204th Street Ct E, Spanaway, WA 98387
Price
$529,900
Rent
$2,781
CachFlow
-$1,127
CoC
-12.15
Spanaway, WA Rental Market Insights
- •Median cashflow is -$1,146/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 $350,500 to $670,300
- •Consider this market if your strategy favors equity growth with rental income covering holding costs