1217 E Kiernan AveSpokaneWA99207
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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 1217 E Kiernan Ave, Spokane, WA, 99207 uses $97,793 cash to close to unlock $2,935/yr annual cash flow and $245/mo monthly cash flow. Total monthly income runs $2,018/mo, and a $1,444/mo payment keeps the spread at $245/mo. Purchase price stands at $295,000, and rental yield measures 8.21% with $2,018/mo rent. Return on cash invested shows 22.91% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 118.72% and total cumulative return in cash records $116,102. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,018/mo property income covering a $1,444/mo payment rather than investor’s personal income.
Single Family
Built in 1959
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99207, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,587 (100%) |
| Owner Occupied HU | 6,966 (51.3%) |
| Renter Occupied HU | 5,911 (43.5%) |
| Vacant Housing Units | 710 ( 5.2%) |
| Median Home Value | $282,607 |
| Average Home Value | $343,885 |
Housing Distribution
Address Breakdown
Residential
12,625
Single Family
10,853
Multi-Family
1,772
Businesses
932
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Listed by: Angela Foote • Keller Williams Spokane - Main
Mls Name: SMLS
Mls ID: #202525994