1618 E 40th AveSpokaneWA99203
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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
Total monthly income runs $1,807/mo, and a $1,779/mo payment. Purchase price stands at $363,500, and rental yield measures 5.97% with $1,807/mo rent. Return on cash invested shows 16.15% in year one, and 5% annual appreciation builds toward $100,428 over five years. Five-year ROI reaches 82.46% and total cumulative return in cash records $99,364. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,807/mo property income covering a $1,779/mo payment rather than investor’s personal income.
Single Family
Built in 1949
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99203, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,294 (100%) |
| Owner Occupied HU | 6,839 (73.6%) |
| Renter Occupied HU | 1,973 (21.2%) |
| Vacant Housing Units | 482 ( 5.2%) |
| Median Home Value | $590,981 |
| Average Home Value | $661,266 |
Housing Distribution
Address Breakdown
Residential
9,284
Single Family
8,170
Multi-Family
1,114
Businesses
396
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Listed by: Julie Henry • Windermere Manito, LLC
Mls Name: SMLS
Mls ID: #202524995