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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Spokane at 1551 S Deer Heights Rd UNIT C-105, Spokane, WA, 99224 offers a 8.16% rental yield on a $225,000 purchase with $1,530/mo rent. Total monthly income registers $1,530/mo, and a $1,101/mo payment leaves $178/mo available for distribution. Annual cash flow reaches $2,133/yr on $74,588 to close, and return on cash invested stands at 22.77% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 117.96% and total cumulative return in cash at $87,981. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,530/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2023
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 99224, Spokane, WA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,817 (100%) |
| Owner Occupied HU | 7,291 (61.7%) |
| Renter Occupied HU | 3,763 (31.8%) |
| Vacant Housing Units | 763 ( 6.5%) |
| Median Home Value | $565,442 |
| Average Home Value | $579,828 |
Residential
10,799
Single Family
9,405
Multi-Family
1,394
Businesses
365
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Marianne Bornhoft • REAL Broker LLC
Mls Name: SMLS
Mls ID: #202525693
