1418 W 6th 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 1418 W 6th Ave, Spokane, WA, 99204 generates $1,533/mo in rent and, after a $807/mo payment, leaves $542/mo in cash flow. Total monthly income is $1,533/mo, and annual cash flow is $6,502/yr on $54,664 invested. Return on cash invested sits at 31.8% in year one, and rental yield is 11.16% on a $164,900 entry. Equity gained on principal adds $1,064/yr, while 5% annual appreciation builds toward $45,559 over five years. Five-year ROI reaches 166.4% and total cumulative return in cash sums $90,964. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,533/mo property income rather than buyer’s personal income.
Condo
Built in 1969
N/A 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: Julie Cope • John L Scott Real Estate
Mls Name: John L Scott Real Estate
Mls ID: #202514404