13515 E 7th AveSpokaneWA99216
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe cash-flow margin at 13515 E 7th Ave, Spokane, WA, 99216 in Spokane is narrow, $39/mo net on $2,383/mo rent after the $1,720/mo debt service, but the property operates at break-even-plus, not a loss. At $382,500 with a 7.33% yield, the long-run equity case via 5% appreciation ($105,678 over five years) and $3,523/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.39 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $150,131.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.3% | 4.2% |
| Monthly Cash Flow | $39 | $485 |
City averages based on Spokane market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,383 |
| Total Monthly Debt Service | $2,147 |
| DSCR Ratio | 1.11x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1955
0.30 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
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
Single Family
Built in 1955
0.30 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Steve Hildahl • Windermere Manito, LLC
Mls Name: SMLS
Mls Provider:
Mls ID: #202522167
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.