1511 S Warren RdSpokane ValleyWA99037
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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
Total monthly income runs $2,369/mo, and a $2,149/mo payment. Purchase price stands at $439,000, and rental yield measures 6.48% with $2,369/mo rent. Return on cash invested shows 17.68% in year one, and 5% annual appreciation builds toward $121,288 over five years. Five-year ROI reaches 90.66% and total cumulative return in cash records $131,936. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,369/mo property income covering a $2,149/mo payment rather than investor’s personal income.
Single Family
Built in 1979
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99037, Veradale, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,321 (100%) |
| Owner Occupied HU | 4,125 (56.3%) |
| Renter Occupied HU | 2,982 (40.7%) |
| Vacant Housing Units | 214 ( 2.9%) |
| Median Home Value | $526,688 |
| Average Home Value | $563,407 |
Housing Distribution
Address Breakdown
Residential
6,914
Single Family
5,618
Multi-Family
1,296
Businesses
565
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Listed by: Stacy Jacobsen • Coldwell Banker Tomlinson
Mls Name: SMLS
Mls Provider:
Mls ID: #202515184
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.