11514 E 13th Ln #11516SpokaneWA99206
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 11514 E 13th Ln #11516, Spokane, WA, 99206 in Spokane worth study. Rental yield 4.49%. The 4.49% gross yield is below cash-flow benchmarks at $849,700, but 5% annual appreciation, adding $234,756 over five years, frames this as a capital growth position. Rent of $3,180/mo partially offsets the $3,821/mo payment. Ziffy Mortgage finances appreciation-play properties (0.83 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $197,503.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.5% | 4.2% |
| Monthly Cash Flow | $(1,928) | $485 |
City averages based on Spokane market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,180 |
| Total Monthly Debt Service | $4,770 |
| DSCR Ratio | 0.67x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 2023
0.37 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
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
Multi Family
Built in 2023
0.37 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: Pam Fredrick • John L Scott, Spokane Valley
Mls Name: SMLS
Mls Provider:
Mls ID: #202520016
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.