11605 N Alberta LnSpokaneWA99218
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 11605 N Alberta Ln, Spokane, WA, 99218 listed at $1,275,000 pairs $4,024/mo rent with a $6,240/mo payment. Total monthly income runs $4,024/mo. Return on cash invested measures 9.8% in year one, and rental yield registers 3.79% at a $1,275,000 basis. Equity gained on principal adds $8,227/yr, and annual property appreciation at 5% supports $352,259 by year five. Five-year ROI tracks 48.29% and total cumulative return in cash totals $199,466. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,024/mo property income relative to a $6,240/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2019
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99218, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,688 (100%) |
| Owner Occupied HU | 3,470 (51.9%) |
| Renter Occupied HU | 2,840 (42.5%) |
| Vacant Housing Units | 378 ( 5.7%) |
| Median Home Value | $469,794 |
| Average Home Value | $532,282 |
Housing Distribution
Address Breakdown
Residential
5,954
Single Family
4,089
Multi-Family
1,865
Businesses
671
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Listed by: Brandon Marchand • Keller Williams Spokane - Main
Mls Name: SMLS
Mls Provider:
Mls ID: #202514036
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.