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 10+ datapoints.

Spanaway, WA Mid-Term Rental Investment Snapshot

Based on 10+ mid-term rental datapoints

Median Cap Rate

5.3%

Avg Cash on Cash

-3.8%

Median Cashflow

-$424/mo

Avg Rent Estimate

$4,115/mo

Avg Price

$510,886

Price Range

$459,400 - $581,200

Rent to Price

0.81%

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 10+ analyzed datapoints, early metrics suggest opportunity to enter before MTR inventory matures. Current average cash-on-cash returns sit at -3.8%.

Across 10+ analyzed properties, Spanaway, WA mid-term rental investments show a median monthly cashflow of -$424 with average furnished rent estimates of $4,115/month. These figures reflect real property data, not projections.

1225 202nd Street Ct E, Spanaway, WA 98387

Price

$459,400

Rent

$3,900

CachFlow

-$339

CoC

-3.55

Full Analysis

21302 38th Avenue Ct E, Spanaway, WA 98387

Price

$548,200

Rent

$4,252

CachFlow

-$705

CoC

-6.36

Full Analysis

1513 198th Street E, Spanaway, WA 98387

Price

$498,600

Rent

$4,006

CachFlow

-$508

CoC

-4.97

Full Analysis

120 165th Street S, Spanaway, WA 98387

Price

$484,100

Rent

$4,258

CachFlow

-$199

CoC

-2

Full Analysis

1119 Lake Vista Boulevard S, Spanaway, WA 98387

Price

$976,600

Rent

$4,506

CachFlow

-$3,179

CoC

-17.1

Full Analysis
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Spanaway, WA Mid-Term Rental Market Insights

  • Median cashflow is -$424/month — careful deal selection is essential here
  • 5.3% 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 $459,400 to $581,200
  • Early-stage market data — revisit as more properties are analyzed for stronger signals

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