1023 E Queen 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 1023 E Queen Ave, Spokane, WA, 99207 listed at $325,000 pairs $2,286/mo rent with a $1,591/mo payment to leave $332/mo cash flow. Total monthly income runs $2,286/mo, and annual cash flow reaches $3,985/yr on $107,738 cash to close. Return on cash invested measures 23.61% in year one, and rental yield registers 8.44% at a $325,000 basis. Equity gained on principal adds $2,097/yr, and annual property appreciation at 5% supports $89,792 by year five. Five-year ROI tracks 122.49% and total cumulative return in cash totals $131,965. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,286/mo property income relative to a $1,591/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1927
5,662 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: Chris Connelly • Windermere North
Mls Name: SMLS
Mls ID: #202527560