1024 N Woodruff RdSpokaneWA99206
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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 1024 N Woodruff Rd, Spokane, WA, 99206 listed at $299,000 pairs $2,154/mo rent with a $1,463/mo payment to leave $357/mo cash flow. Total monthly income runs $2,154/mo, and annual cash flow reaches $4,285/yr on $99,119 cash to close. Return on cash invested measures 24.23% in year one, and rental yield registers 8.64% at a $299,000 basis. Equity gained on principal adds $1,929/yr, and annual property appreciation at 5% supports $82,608 by year five. Five-year ROI tracks 125.82% and total cumulative return in cash totals $124,714. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,154/mo property income relative to a $1,463/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1941
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99206, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,686 (100%) |
| Owner Occupied HU | 9,994 (59.9%) |
| Renter Occupied HU | 6,076 (36.4%) |
| Vacant Housing Units | 616 ( 3.7%) |
| Median Home Value | $454,247 |
| Average Home Value | $495,755 |
Housing Distribution
Address Breakdown
Residential
16,396
Single Family
13,592
Multi-Family
2,804
Businesses
1,164
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Listed by: Maryalice Gumaer • Savant Realty, Inc
Mls Name: SMLS
Mls ID: #202526581