1221 N Whipple LnSpokane ValleyWA99206
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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
Rental property for sale in Spokane Valley at 1221 N Whipple Ln, Spokane Valley, WA, 99206 generates $2,034/mo in rent, after a $2,190/mo payment. Total monthly income is $2,034/mo. Return on cash invested sits at 14.6% in year one, and rental yield is 5.45% on a $447,500 entry. Equity gained on principal adds $2,888/yr, while 5% annual appreciation builds toward $123,636 over five years. Five-year ROI reaches 74.18% and total cumulative return in cash sums $110,041. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,034/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99206, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,686 (100%) |
| Owner Occupied HU | 9,994 (59.9%) |
| Renter Occupied HU | 6,076 (36.4%) |
| Vacant Housing Units | 616 ( 3.7%) |
| Median Home Value | $454,247 |
| Average Home Value | $495,755 |
Housing Distribution
Address Breakdown
Residential
16,396
Single Family
13,592
Multi-Family
2,804
Businesses
1,164
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Listed by: Andrew Graham • Avalon 24 Real Estate
Mls Name: SMLS
Mls ID: #202525775