1111 W 6th Ave APT 401SpokaneWA99204
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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 1111 W 6th Ave APT 401, Spokane, WA, 99204 earns from $1,418/mo rent with a $1,346/mo payment. Total monthly income totals $1,418/mo. ROI tracks 16.81% on current figures, and rental yield reads 6.19% at a $275,000 purchase. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,977 over five years. Five-year ROI reaches 86.01% and total cumulative return in cash sums $78,407. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,418/mo property income instead of your personal income.
Condo
Built in 1978
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99204, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,509 (100%) |
| Owner Occupied HU | 1,067 (23.7%) |
| Renter Occupied HU | 2,908 (64.5%) |
| Vacant Housing Units | 534 (11.8%) |
| Median Home Value | $429,745 |
| Average Home Value | $469,688 |
Housing Distribution
Address Breakdown
Residential
3,985
Single Family
1,696
Multi-Family
2,289
Businesses
297
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Listed by: Bernadette Pillar • Bernadette Pillar Real Estate
Mls Name: SMLS
Mls ID: #202523651