University Place, WA — Rental Investment Analysis
🔴WEAK— appreciation play onlyCap Rate
2.2%
Below average
Monthly Cash Flow
-$2,315
After all expenses
Price-to-Rent
21.2
Overpriced for rent
DSCR
0.34
Fails
📊 Key Metrics
- Median Home Price
- $659,838
- Average Rent (3BR)
- $2,600/mo
- Price-to-Rent Ratio
- 21.2(high)
- 1% Rule
- 0.40%(fails — need 1%+)
- Cash-on-Cash Return
- -18.3%
- Vacancy Rate
- 8.0%
📈 Market Strength
- Unemployment Rate
- 5.2%(+0.9% vs national)
- Rent Growth (YoY)
- +2.9%(national avg)
- Population Growth
- +2% YoY
Assumptions Used
20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance
Customize these numbers →Property Tax Rate
0.87%
of assessed value (WA avg)
Median Income
$82,228
household (WA avg)
Rent-to-Income
37.9%
Stretched
Section 8 Max Rent
$2,600/mo
3BR voucher payment
🏛️ WA Investor Climate
Landlord Friendly
5/10
State Income Tax
✅ None
Property Tax
0.87% effective
Population Trend
+2% (3yr)