16021 E Broad AveSpokaneWA99216
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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
Investment property for sale in Spokane at 16021 E Broad Ave, Spokane, WA, 99216 earns $83/mo cash flow from $2,848/mo rent with a $2,251/mo payment. Total monthly income totals $2,848/mo, and annual cash flow totals $1,000/yr on $152,490 capital. ROI tracks 20.56% on current figures, and rental yield reads 7.43% at a $460,000 purchase. Equity gained on principal adds $2,968/yr, and 5% annual appreciation supports $127,090 over five years. Five-year ROI reaches 106.14% and total cumulative return in cash sums $161,857. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,848/mo property income instead of your personal income.
Single Family
Built in 1977
9,141 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99216, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,047 (100%) |
| Owner Occupied HU | 6,611 (47.1%) |
| Renter Occupied HU | 6,698 (47.7%) |
| Vacant Housing Units | 738 ( 5.3%) |
| Median Home Value | $429,870 |
| Average Home Value | $486,616 |
Housing Distribution
Address Breakdown
Residential
12,992
Single Family
8,075
Multi-Family
4,917
Businesses
1,059
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