1518 E Sanson AveSpokaneWA99207
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 1518 E Sanson Ave, Spokane, WA, 99207 in Spokane. Priced at $300,000, it generates $2,584/mo in gross rent and $780/mo in net monthly cash flow, a 10.33% yield that comfortably supports the 1.92 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $9,354. Five-year appreciation: $82,884. Equity from principal paydown: $2,763/yr. Total projected cumulative return: $163,744.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 4.2% |
| Monthly Cash Flow | $780 | $485 |
City averages based on Spokane market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,584 |
| Total Monthly Debt Service | $1,685 |
| DSCR Ratio | 1.53x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1953
6,098 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1953
6,098 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Steve Jones • Windermere Valley
Mls Name: SMLS
Mls Provider:
Mls ID: #202522902
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.