16118 E Temple RdSpokaneWA99217
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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 16118 E Temple Rd, Spokane, WA, 99217 uses $82,875 cash to close to unlock $7,522/yr annual cash flow and $627/mo monthly cash flow. Total monthly income runs $2,130/mo, and a $1,224/mo payment keeps the spread at $627/mo. Purchase price stands at $250,000, and rental yield measures 10.22% with $2,130/mo rent. Return on cash invested shows 28.99% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 151.3% and total cumulative return in cash records $125,386. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,130/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Manufactured
Built in 1983
3.33 Acres 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: Scott Donley • Amplify Real Estate Services
Mls Name: SMLS
Mls ID: #202526297