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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Spokane at 1002 W 7th Ave APT 301, Spokane, WA, 99204 offers a 9.48% rental yield on a $249,000 purchase with $1,968/mo rent. Total monthly income registers $1,968/mo, and a $1,219/mo payment leaves $98/mo available for distribution. Annual cash flow reaches $1,171/yr on $82,544 to close, and return on cash invested stands at 21.33% in year one. Equity gained on principal adds $1,607/yr while 5% annual appreciation supports $68,794 over five years. Portfolio math shows five-year ROI at 112.2% and total cumulative return in cash at $92,612. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,968/mo property income against a $1,219/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1976
N/A lot
$N/A/sqft
$330 monthly HOA
Neighborhood data shown for ZIP Code: 99204, Spokane, WA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,509 (100%) |
| Owner Occupied HU | 1,067 (23.7%) |
| Renter Occupied HU | 2,908 (64.5%) |
| Vacant Housing Units | 534 (11.8%) |
| Median Home Value | $429,745 |
| Average Home Value | $469,688 |
Residential
3,985
Single Family
1,696
Multi-Family
2,289
Businesses
297
Date | Event | Price |
|---|---|---|
| 2025-09-17 | Listed for sale | $249,000 |
| 2025-09-17 | Listing removed | $249,000 |
| 2025-07-30 | Price change | $249,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-18 | $2611.19 | 2.40% | $262,750 | N/A |
| 2023-09-18 | $2549.89 | 14.43% | $262,750 | 15.59% |
| 2022-09-18 | $2228.29 | 17.67% | $227,320 | 33.76% |
Listed by: Desiree Renshaw • eXp Realty, LLC
Mls Name: SMLS
Mls Provider:
Mls ID: #202524100
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
