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
3.7%
Avg Cash on Cash
-14.7%
Median Cashflow
-$1,259/mo
Avg Rent Estimate
$2,779/mo
Avg Price
$481,078
Price Range
$350K – $600K
approximate
Rent to Price
0.58%
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 3.7%, typical of mid-to-upper tier 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 -$1,259 with average rents of $2,779/month. Properties are priced about $350,000 to $600,000, offering entry points across multiple investment budgets.
1715 148th Street Court S, Spanaway, WA 98387
Price
$429,999
Rent
$2,699
CachFlow
-$881
CoC
-11.71
22030 48th Avenue Ct E, Spanaway, WA 98387
Price
$504,100
Rent
$2,674
CachFlow
-$1,365
CoC
-15.47
Spanaway, WA Rental Market Insights
- Median cashflow is -$1,259/month — careful deal selection is essential here
- 3.7% median cap rate is typical of appreciation-focused markets
- At 0% positive cashflow rate, Spanaway, WA requires selective property picks
- Mid-to-upper tier market with properties priced about $350,000 to $600,000
- Consider this market if your strategy favors equity growth with rental income covering holding costs