1211 E Lyons Ave SPC 83SpokaneWA99208
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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 1211 E Lyons Ave SPC 83, Spokane, WA, 99208 uses $33,150 cash to close to unlock $1,948/yr annual cash flow and $162/mo monthly cash flow. Total monthly income runs $763/mo, and a $489/mo payment keeps the spread at $162/mo. Purchase price stands at $100,000, and rental yield measures 9.16% with $763/mo rent. Return on cash invested shows 25.79% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 134.24% and total cumulative return in cash records $44,500. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $763/mo property income covering a $489/mo payment rather than investor’s personal income.
Manufactured
Built in 1977
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99208, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,730 (100%) |
| Owner Occupied HU | 16,287 (65.9%) |
| Renter Occupied HU | 7,535 (30.5%) |
| Vacant Housing Units | 908 ( 3.7%) |
| Median Home Value | $496,695 |
| Average Home Value | $537,982 |
Housing Distribution
Address Breakdown
Residential
24,132
Single Family
18,840
Multi-Family
5,292
Businesses
584
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Listed by: Michelle Dickerson • Coldwell Banker Tomlinson
Mls Name: SMLS
Mls ID: #202527849