1017 E Augusta AveSpokaneWA99207
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Spokane at 1017 E Augusta Ave, Spokane, WA, 99207 uses $107,738 cash to close to unlock $1,357/yr annual cash flow and $113/mo monthly cash flow. Total monthly income runs $2,096/mo, and a $1,591/mo payment keeps the spread at $113/mo. Purchase price stands at $325,000, and rental yield measures 7.74% with $2,096/mo rent. Return on cash invested shows 21.17% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 109.51% and total cumulative return in cash records $117,985. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,096/mo property income covering a $1,591/mo payment rather than investor’s personal income.
Multi Family
Built in 1906
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99207, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,587 (100%) |
| Owner Occupied HU | 6,966 (51.3%) |
| Renter Occupied HU | 5,911 (43.5%) |
| Vacant Housing Units | 710 ( 5.2%) |
| Median Home Value | $282,607 |
| Average Home Value | $343,885 |
Housing Distribution
Address Breakdown
Residential
12,625
Single Family
10,853
Multi-Family
1,772
Businesses
932
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Listed by: Bryan Swanson • Keller Williams Spokane - Main
Mls Name: SMLS
Mls Provider:
Mls ID: #202519382
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.