11121 E 16th AveSpokaneWA99206
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
Investment property for sale in Spokane at 11121 E 16th Ave, Spokane, WA, 99206 listed at $135,400 pairs $2,142/mo rent with a $663/mo payment to leave $1,328/mo cash flow. Total monthly income runs $2,142/mo, and annual cash flow reaches $15,934/yr on $44,885 cash to close. Return on cash invested measures 55.41% in year one, and rental yield registers 18.98% at a $135,400 basis. Equity gained on principal adds $874/yr, and annual property appreciation at 5% supports $37,409 by year five. Five-year ROI tracks 293% and total cumulative return in cash totals $131,514. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,142/mo property income relative to a $663/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1947
0.31 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: John L Scott Real Estate
Mls ID: #202523533