13815 E 21st 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
Investment property for sale in Spokane at 13815 E 21st Ave, Spokane, WA, 99216 uses $148,844 cash to close to unlock $5,209/yr annual cash flow and $434/mo monthly cash flow. Total monthly income runs $3,163/mo, and a $2,198/mo payment keeps the spread at $434/mo. Purchase price stands at $449,000, and rental yield measures 8.45% with $3,163/mo rent. Return on cash invested shows 23.41% in year one, and 5% annual appreciation builds toward $124,050 over five years. Five-year ROI reaches 121.49% and total cumulative return in cash records $180,832. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,163/mo property income covering a $2,198/mo payment rather than investor’s personal income.
Single Family
Built in 1978
10,018 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: Melinda Keberle • REAL Broker LLC
Mls Name: SMLS
Mls Provider:
Mls ID: #202518107
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.