11318 E 29th AveSpokaneWA99206
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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 11318 E 29th Ave, Spokane, WA, 99206 listed at $499,995 pairs $3,176/mo rent with a $2,447/mo payment to leave $171/mo cash flow. Total monthly income runs $3,176/mo, and annual cash flow reaches $2,048/yr on $165,748 cash to close. Return on cash invested measures 21.14% in year one, and rental yield registers 7.62% at a $499,995 basis. Equity gained on principal adds $3,226/yr, and annual property appreciation at 5% supports $138,139 by year five. Five-year ROI tracks 109.23% and total cumulative return in cash totals $181,050. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,176/mo property income relative to a $2,447/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1982
0.30 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
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Listed by: Tracy Penna • Windermere North
Mls Name: SMLS
Mls ID: #202527117