1405 W 8th AveSpokaneWA99204
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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 1405 W 8th Ave, Spokane, WA, 99204 generates $1,636/mo in rent, after a $8,526/mo payment. Total monthly income is $1,636/mo. Return on cash invested sits at 1.59% in year one, and rental yield is 1.13% on a $1,742,000 entry. Equity gained on principal adds $11,241/yr, while 5% annual appreciation builds toward $481,282 over five years. Five-year ROI reaches 4.24% and total cumulative return in cash sums $23,933. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,636/mo property income rather than buyer’s personal income.
Multi Family
Built in 1962
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99204, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,509 (100%) |
| Owner Occupied HU | 1,067 (23.7%) |
| Renter Occupied HU | 2,908 (64.5%) |
| Vacant Housing Units | 534 (11.8%) |
| Median Home Value | $429,745 |
| Average Home Value | $469,688 |
Housing Distribution
Address Breakdown
Residential
3,985
Single Family
1,696
Multi-Family
2,289
Businesses
297
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Listed by: Ryan Towner • LT Real Estate
Mls Name: SMLS
Mls ID: #202523584