12465 E Olive Ave #1SpokaneWA99216
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 12465 E Olive Ave #1, Spokane, WA, 99216 offers a 8.4% rental yield on a $269,950 purchase with $1,890/mo rent. Total monthly income registers $1,890/mo, and a $1,321/mo payment leaves $268/mo available for distribution. Annual cash flow reaches $3,211/yr on $89,488 to close, and return on cash invested stands at 23.5% in year one. Equity gained on principal adds $1,742/yr while 5% annual appreciation supports $74,582 over five years. Portfolio math shows five-year ROI at 121.86% and total cumulative return in cash at $109,053. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,890/mo property income against a $1,321/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1972
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stacy Montoya • Heartwarming Homes Realty
Mls Name: SMLS
Mls ID: #202526178