10321 E Main Ave APT 301SpokaneWA99206
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 10321 E Main Ave APT 301, Spokane, WA, 99206 generates $1,260/mo in rent and, after a $783/mo payment, leaves $298/mo in cash flow. Total monthly income is $1,260/mo, and annual cash flow is $3,581/yr on $53,023 invested. Return on cash invested sits at 26.66% in year one, and rental yield is 9.45% on a $159,950 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,191 over five years. Five-year ROI reaches 138.89% and total cumulative return in cash sums $73,642. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,260/mo property income rather than buyer’s personal income.
Condo
Built in 1972
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lori Joy • Live Real Estate, LLC
Mls Name: SMLS
Mls ID: #202523633