1406 S Mamer LnSpokaneWA99216
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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 1406 S Mamer Ln, Spokane, WA, 99216 with 5% annual appreciation on a $399,900 basis while $3,154/mo rent supports operations. Total monthly income totals $3,154/mo and a $1,957/mo payment preserves $750/mo for cash returns. Annual cash flow comes to $9,005/yr on $132,567 deployed, and return on cash invested reaches 26.7% in year one. Equity gained on principal adds $2,580/yr, and five-year appreciation sums $110,485 alongside rental yield of 9.46%. Five-year ROI measures 139.05% and total cumulative return in cash totals $184,328.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,154/mo property income versus a $1,957/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2002
4,791 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: Craig Hudkins • REAL Broker LLC
Mls Name: SMLS
Mls ID: #202525615