1027 N Elm StSpokaneWA99201
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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
Rental property for sale in Spokane at 1027 N Elm St, Spokane, WA, 99201 offers $2,240/mo rent that, after a $1,806/mo payment, leaves $22/mo cash flow. Total monthly income is $2,240/mo, and annual cash flow is $263/yr on $122,324 cash. Return on cash invested measures 20.12% in year one, and rental yield stands at 7.28% at a $369,000 entry. Equity gained on principal adds $2,381/yr while 5% annual appreciation compounds into $101,948 by year five. Five-year ROI records 103.75% and total cumulative return in cash reaches $126,915. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,240/mo property income versus a $1,806/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1995
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99201, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,500 (100%) |
| Owner Occupied HU | 2,235 (23.5%) |
| Renter Occupied HU | 6,240 (65.7%) |
| Vacant Housing Units | 1,025 (10.8%) |
| Median Home Value | $343,053 |
| Average Home Value | $389,719 |
Housing Distribution
Address Breakdown
Residential
8,094
Single Family
4,266
Multi-Family
3,828
Businesses
1,825
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Listed by: Beth Mulligan • Avalon 24 Real Estate
Mls Name: SMLS
Mls Provider:
Mls ID: #202419713
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.