1324 E Joseph AveSpokaneWA99208
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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 1324 E Joseph Ave, Spokane, WA, 99208 offers a 8.5% rental yield on a $299,999 purchase with $2,126/mo rent. Total monthly income registers $2,126/mo, and a $1,468/mo payment leaves $323/mo available for distribution. Annual cash flow reaches $3,876/yr on $99,450 to close, and return on cash invested stands at 23.81% in year one. Equity gained on principal adds $1,936/yr while 5% annual appreciation supports $82,884 over five years. Portfolio math shows five-year ROI at 123.49% and total cumulative return in cash at $122,808. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,126/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1909
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99208, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,730 (100%) |
| Owner Occupied HU | 16,287 (65.9%) |
| Renter Occupied HU | 7,535 (30.5%) |
| Vacant Housing Units | 908 ( 3.7%) |
| Median Home Value | $496,695 |
| Average Home Value | $537,982 |
Housing Distribution
Address Breakdown
Residential
24,132
Single Family
18,840
Multi-Family
5,292
Businesses
584
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Listed by: Jeff Thomas • Amplify Real Estate Services
Mls Name: SMLS
Mls ID: #202527604