12211 E Boone AveSpokaneWA99206
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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 12211 E Boone Ave, Spokane, WA, 99206 offers a 10.84% rental yield on a $235,000 purchase with $2,123/mo rent. Total monthly income registers $2,123/mo, and a $1,150/mo payment leaves $711/mo available for distribution. Annual cash flow reaches $8,527/yr on $77,903 to close, and return on cash invested stands at 30.85% in year one. Equity gained on principal adds $1,516/yr while 5% annual appreciation supports $64,926 over five years. Portfolio math shows five-year ROI at 161.32% and total cumulative return in cash at $125,668. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,123/mo property income against a $1,150/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
0.28 Acres 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: Kelly Clark • Heart and Homes NW Realty
Mls Name: SMLS
Mls ID: #202610120