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

5.5%

Avg Cash on Cash

-5.2%

Median Cashflow

-$611/mo

Avg Rent Estimate

$4,112/mo

Avg Price

$481,078

Price Range

$350K – $600K

approximate

Rent to Price

0.85%

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 -5.2%.

Across 10+ analyzed properties, Spanaway, WA mid-term rental investments show a median monthly cashflow of -$611 with average furnished rent estimates of $4,112/month. These figures reflect real property data, not projections.

1715 148th Street Court S, Spanaway, WA 98387

Price

$429,999

Rent

$4,048

CachFlow

-$206

CoC

-2.28

Full Analysis

22030 48th Avenue Ct E, Spanaway, WA 98387

Price

$504,100

Rent

$4,011

CachFlow

-$695

CoC

-6.73

Full Analysis

4415 E 228th Street, Spanaway, WA 98387

Price

$479,900

Rent

$3,770

CachFlow

-$677

CoC

-6.84

Full Analysis

20902 40th Avenue E, Spanaway, WA 98387

Price

$469,800

Rent

$3,891

CachFlow

-$611

CoC

-6.29

Full Analysis

22517 38th Avenue E, Spanaway, WA 98387

Price

$498,400

Rent

$4,214

CachFlow

-$542

CoC

-5.3

Full Analysis
1–5 of 10+
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Spanaway, WA Mid-Term Rental Market Insights

  • Median cashflow is -$611/month — careful deal selection is essential here
  • 5.5% median cap rate reflects a balanced risk-return profile
  • 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
  • Early-stage market data — revisit as more properties are analyzed for stronger signals

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