11280 W Meadowview LnNine Mile FallsWA99026
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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 Nine Mile Falls at 11280 W Meadowview Ln, Nine Mile Falls, WA, 99026 generates $2,398/mo in rent, after a $2,496/mo payment. Total monthly income is $2,398/mo. Return on cash invested sits at 15.29% in year one, and rental yield is 5.64% on a $510,000 entry. Equity gained on principal adds $3,291/yr, while 5% annual appreciation builds toward $140,904 over five years. Five-year ROI reaches 77.8% and total cumulative return in cash sums $130,539. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,398/mo property income rather than buyer’s personal income.
Single Family
Built in 1982
1.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99026, Nine Mile Falls, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,001 (100%) |
| Owner Occupied HU | 3,595 (89.9%) |
| Renter Occupied HU | 266 ( 6.6%) |
| Vacant Housing Units | 140 ( 3.5%) |
| Median Home Value | $530,482 |
| Average Home Value | $568,047 |
Housing Distribution
Address Breakdown
Residential
3,663
Single Family
3,663
Multi-Family
0
Businesses
147
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Listed by: Marcos Morales • Kelly Right Real Estate of Spokane
Mls Name: SMLS
Mls ID: #202523133