1403 E Thurston AveSpokaneWA99203
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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 1403 E Thurston Ave, Spokane, WA, 99203 earns $295/mo cash flow from $2,633/mo rent with a $1,904/mo payment. Total monthly income totals $2,633/mo, and annual cash flow totals $3,535/yr on $128,954 capital. ROI tracks 22.65% on current figures, and rental yield reads 8.12% at a $389,000 purchase. Equity gained on principal adds $2,510/yr, and 5% annual appreciation supports $107,474 over five years. Five-year ROI reaches 117.31% and total cumulative return in cash sums $151,278. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,633/mo property income instead of your personal income.
Single Family
Built in 1949
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99203, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,294 (100%) |
| Owner Occupied HU | 6,839 (73.6%) |
| Renter Occupied HU | 1,973 (21.2%) |
| Vacant Housing Units | 482 ( 5.2%) |
| Median Home Value | $590,981 |
| Average Home Value | $661,266 |
Housing Distribution
Address Breakdown
Residential
9,284
Single Family
8,170
Multi-Family
1,114
Businesses
396
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Listed by: Jennifer Shupe • Real Estate Marketplace NW,Inc
Mls Name: SMLS
Mls ID: #202527690