13119 E Main AveSpokaneWA99216
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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 at 13119 E Main Ave, Spokane, WA, 99216 generates $1,407/mo in rent and, after a $881/mo payment, leaves $325/mo in cash flow. Total monthly income is $1,407/mo, and annual cash flow is $3,900/yr on $59,670 invested. Return on cash invested sits at 26.44% in year one, and rental yield is 9.38% on a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 137.64% and total cumulative return in cash sums $82,133. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,407/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
9,583 sqft 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: Ronald Mcintire • Choice Realty
Mls Name: SMLS
Mls ID: #202527269