11412 E 6th 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 11412 E 6th Ave, Spokane, WA, 99206 offers a 5.46% rental yield on a $446,700 purchase with $2,034/mo rent. 63% in year one. Equity gained on principal adds $2,882/yr while 5% annual appreciation supports $123,415 over five years. Portfolio math shows five-year ROI at 74.34% and total cumulative return in cash at $110,090. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,034/mo property income against a $2,186/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2018
7,840 sqft 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: Nick Grishko • Kelly Right Real Estate of Spokane
Mls Name: SMLS
Mls ID: #202527241