REI Lense

REI Lense

Spanaway, WA Mid-Term Rental Analysis

Analyze rental property cap rates, cash-on-cash returns, and cashflow for mid-term rental investments in Spanaway, WA. Based on 15+ datapoints.

Spanaway, WA Mid-Term Rental Investment Snapshot

Based on 15+ mid-term rental datapoints

Median Cap Rate

5.1%

Avg Cash on Cash

-5%

Median Cashflow

-$536/mo

Avg Rent Estimate

$4,234/mo

Avg Price

$530,783

Price Range

$464,800 - $668,200

Rent to Price

0.8%

okay ratio

Positive Cashflow

0%

of analyzed properties

Recent real estate investor listings analysed as mid-term rental deals in Spanaway, WA

Spanaway, WA is an emerging mid-term rental market gaining attention from investors who want LTR-style stability with stronger furnished-rent premiums. With 15+ analyzed datapoints, early metrics suggest opportunity to enter before MTR inventory matures. Current average cash-on-cash returns sit at -5%.

Across 15+ analyzed properties, Spanaway, WA mid-term rental investments show a median monthly cashflow of -$536 with average furnished rent estimates of $4,234/month. These figures reflect real property data, not projections.

3202 241st Street E, Spanaway, WA 98387

Price

$505,000

Rent

$4,346

CachFlow

-$68

CoC

-0.66

Full Analysis

3719 260th Street E, Spanaway, WA 98387

Price

$581,200

Rent

$3,994

CachFlow

-$695

CoC

-5.95

Full Analysis

627 E 182nd Street, Spanaway, WA 98387

Price

$554,900

Rent

$4,504

CachFlow

-$606

CoC

-5.41

Full Analysis

716 E 190th, Spanaway, WA 98387

Price

$464,800

Rent

$3,640

CachFlow

-$433

CoC

-4.49

Full Analysis

451 185th Street Ct E #16, Spanaway, WA 98387

Price

$549,950

Rent

$5,139

CachFlow

-$48

CoC

-0.43

Full Analysis
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Spanaway, WA Mid-Term Rental Market Insights

  • Median cashflow is -$536/month — careful deal selection is essential here
  • 5.1% median cap rate reflects a balanced risk-return profile
  • At 0% positive cashflow rate, Spanaway, WA requires selective property picks
  • Premium market with properties from $464,800 to $668,200
  • Early-stage market data — revisit as more properties are analyzed for stronger signals

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