1407 E Wellesley AveSpokaneWA99207
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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 1407 E Wellesley Ave, Spokane, WA, 99207 offers a 10% rental yield on a $274,400 purchase with $2,287/mo rent. Total monthly income registers $2,287/mo, and a $1,343/mo payment leaves $638/mo available for distribution. Annual cash flow reaches $7,651/yr on $90,964 to close, and return on cash invested stands at 28.32% in year one. Equity gained on principal adds $1,771/yr while 5% annual appreciation supports $75,812 over five years. Portfolio math shows five-year ROI at 147.73% and total cumulative return in cash at $134,378. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,287/mo property income against a $1,343/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1946
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99207, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,587 (100%) |
| Owner Occupied HU | 6,966 (51.3%) |
| Renter Occupied HU | 5,911 (43.5%) |
| Vacant Housing Units | 710 ( 5.2%) |
| Median Home Value | $282,607 |
| Average Home Value | $343,885 |
Housing Distribution
Address Breakdown
Residential
12,625
Single Family
10,853
Multi-Family
1,772
Businesses
932
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Listed by: Darcy McMurray • eXp Realty, LLC
Mls Name: SMLS
Mls ID: #202610130