1602 W Panorama AveSpokaneWA99208
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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 1602 W Panorama Ave, Spokane, WA, 99208 generates $3,439/mo in rent, after a $3,549/mo payment. Total monthly income is $3,439/mo. Return on cash invested sits at 15.11% in year one, and rental yield is 5.69% on a $725,000 entry. Equity gained on principal adds $4,678/yr, while 5% annual appreciation builds toward $200,304 over five years. Five-year ROI reaches 76.94% and total cumulative return in cash sums $183,533. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,439/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99208, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,730 (100%) |
| Owner Occupied HU | 16,287 (65.9%) |
| Renter Occupied HU | 7,535 (30.5%) |
| Vacant Housing Units | 908 ( 3.7%) |
| Median Home Value | $496,695 |
| Average Home Value | $537,982 |
Housing Distribution
Address Breakdown
Residential
24,132
Single Family
18,840
Multi-Family
5,292
Businesses
584
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Listed by: Steve Jones • Windermere Valley
Mls Name: SMLS
Mls Provider:
Mls ID: #202517312
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.