1418 N Bowman RdSpokaneWA99212
Nearby investment properties with comparable rents
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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 1418 N Bowman Rd, Spokane, WA, 99212 earns $296/mo cash flow from $2,340/mo rent with a $1,664/mo payment. Total monthly income totals $2,340/mo, and annual cash flow totals $3,556/yr on $112,710 capital. ROI tracks 23.06% on current figures, and rental yield reads 8.26% at a $340,000 purchase. Equity gained on principal adds $2,194/yr, and 5% annual appreciation supports $93,936 over five years. Five-year ROI reaches 119.55% and total cumulative return in cash sums $134,742. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,340/mo property income instead of your personal income.
Single Family
Built in 1949
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99212, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,158 (100%) |
| Owner Occupied HU | 6,726 (66.2%) |
| Renter Occupied HU | 2,833 (27.9%) |
| Vacant Housing Units | 599 ( 5.9%) |
| Median Home Value | $411,760 |
| Average Home Value | $459,589 |
Housing Distribution
Address Breakdown
Residential
9,187
Single Family
7,990
Multi-Family
1,197
Businesses
991
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Listed by: Lennie Rasmussen • Amplify Real Estate Services
Mls Name: SMLS
Mls ID: #202610549