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

5.2%

Avg Cash on Cash

-4.9%

Median Cashflow

-$517/mo

Avg Rent Estimate

$4,184/mo

Avg Price

$532,349

Price Range

$468,990 - $668,200

Rent to Price

0.79%

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 -4.9%.

Across 10+ analyzed properties, Spanaway, WA mid-term rental investments show a median monthly cashflow of -$517 with average furnished rent estimates of $4,184/month. These figures reflect real property data, not projections.

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

Price

$549,950

Rent

$5,139

CachFlow

-$48

CoC

-0.43

Full Analysis

2410 193rd Street E, Spanaway, WA 98387

Price

$500,000

Rent

$4,058

CachFlow

-$430

CoC

-4.2

Full Analysis

3909 212th Street Ct E, Spanaway, WA 98387

Price

$524,200

Rent

$4,095

CachFlow

-$554

CoC

-5.19

Full Analysis

4716 266th Street E, Spanaway, WA 98387

Price

$850,000

Rent

$4,797

CachFlow

-$1,676

CoC

-10.24

Full Analysis

5807 204th Street Ct E, Spanaway, WA 98387

Price

$529,900

Rent

$4,172

CachFlow

-$432

CoC

-4.01

Full Analysis
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Spanaway, WA Mid-Term Rental Market Insights

  • Median cashflow is -$517/month — careful deal selection is essential here
  • 5.2% 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 $468,990 to $668,200
  • Early-stage market data — revisit as more properties are analyzed for stronger signals

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