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

-4.8%

Median Cashflow

-$466/mo

Avg Rent Estimate

$4,156/mo

Avg Price

$506,675

Price Range

$459,400 - $564,600

Rent to Price

0.82%

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 -4.8%.

Across 10+ analyzed properties, Spanaway, WA mid-term rental investments show a median monthly cashflow of -$466 with average furnished rent estimates of $4,156/month. These figures reflect real property data, not projections.

20916 79th Avenue E, Spanaway, WA 98387

Price

$524,900

Rent

$4,239

CachFlow

-$704

CoC

-6.59

Full Analysis

627 182nd Street E, Spanaway, WA 98387

Price

$564,600

Rent

$4,426

CachFlow

-$770

CoC

-6.77

Full Analysis

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
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Spanaway, WA Mid-Term Rental Market Insights

  • Median cashflow is -$466/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 $564,600
  • Early-stage market data — revisit as more properties are analyzed for stronger signals

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