11621 N Lancelot DrSpokaneWA99218
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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 11621 N Lancelot Dr, Spokane, WA, 99218 offers a 7.66% rental yield on a $499,500 purchase with $3,188/mo rent. Total monthly income registers $3,188/mo, and a $2,445/mo payment leaves $145/mo available for distribution. Annual cash flow reaches $1,743/yr on $165,584 to close, and return on cash invested stands at 20.96% in year one. Equity gained on principal adds $3,223/yr while 5% annual appreciation supports $138,003 over five years. Portfolio math shows five-year ROI at 108.38% and total cumulative return in cash at $179,455. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,188/mo property income against a $2,445/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
10,018 sqft 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: Brynn Rea • Redfin
Mls Name: SMLS
Mls Provider:
Mls ID: #202514346
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.