12411 E Olive Ave #11SpokaneWA99216
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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 12411 E Olive Ave #11, Spokane, WA, 99216 listed at $275,000 pairs $1,890/mo rent with a $1,346/mo payment to leave $237/mo cash flow. Total monthly income runs $1,890/mo, and annual cash flow reaches $2,843/yr on $91,163 cash to close. Return on cash invested measures 23.03% in year one, and rental yield registers 8.25% at a $275,000 basis. Equity gained on principal adds $1,775/yr, and annual property appreciation at 5% supports $75,977 by year five. Five-year ROI tracks 119.32% and total cumulative return in cash totals $108,779. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,890/mo property income relative to a $1,346/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1972
10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99216, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,047 (100%) |
| Owner Occupied HU | 6,611 (47.1%) |
| Renter Occupied HU | 6,698 (47.7%) |
| Vacant Housing Units | 738 ( 5.3%) |
| Median Home Value | $429,870 |
| Average Home Value | $486,616 |
Housing Distribution
Address Breakdown
Residential
12,992
Single Family
8,075
Multi-Family
4,917
Businesses
1,059
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Listed by: Kelsey Peters-Wittig • KP Real Estate Investments, Inc
Mls Name: SMLS
Mls ID: #202525707