1609 E Clover AveSpokaneWA99217
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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 1609 E Clover Ave, Spokane, WA, 99217 earns $158/mo cash flow from $2,743/mo rent with a $2,105/mo payment. Total monthly income totals $2,743/mo, and annual cash flow totals $1,894/yr on $142,545 capital. ROI tracks 21.24% on current figures, and rental yield reads 7.65% at a $430,000 purchase. Equity gained on principal adds $2,775/yr, and 5% annual appreciation supports $118,801 over five years. Five-year ROI reaches 109.73% and total cumulative return in cash sums $156,411. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,743/mo property income instead of your personal income.
Single Family
Built in 2004
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99217, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,797 (100%) |
| Owner Occupied HU | 5,098 (58.0%) |
| Renter Occupied HU | 3,318 (37.7%) |
| Vacant Housing Units | 381 ( 4.3%) |
| Median Home Value | $381,940 |
| Average Home Value | $452,952 |
Housing Distribution
Address Breakdown
Residential
7,663
Single Family
7,059
Multi-Family
604
Businesses
553
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Listed by: Taci Vanleuven Riddle • eXp Realty, LLC
Mls Name: SMLS
Mls ID: #202523142