1218 E 16th AveSpokaneWA99203
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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 1218 E 16th Ave, Spokane, WA, 99203 offers a 6.19% rental yield on a $375,000 purchase with $1,934/mo rent. 82% in year one. Equity gained on principal adds $2,420/yr while 5% annual appreciation supports $103,606 over five years. Portfolio math shows five-year ROI at 86.08% and total cumulative return in cash at $107,007. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,934/mo property income against a $1,835/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1904
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99203, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,294 (100%) |
| Owner Occupied HU | 6,839 (73.6%) |
| Renter Occupied HU | 1,973 (21.2%) |
| Vacant Housing Units | 482 ( 5.2%) |
| Median Home Value | $590,981 |
| Average Home Value | $661,266 |
Housing Distribution
Address Breakdown
Residential
9,284
Single Family
8,170
Multi-Family
1,114
Businesses
396
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Listed by: Karl Kennedy • Keller Williams Spokane - Main
Mls Name: SMLS
Mls ID: #202523098