1711 W 7th AveSpokaneWA99204
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1711 W 7th Ave, Spokane, WA, 99204 offers a 10.95% rental yield on a $172,000 purchase with $1,570/mo rent. Total monthly income registers $1,570/mo, and a $842/mo payment leaves $536/mo available for distribution. Annual cash flow reaches $6,431/yr on $57,018 to close, and return on cash invested stands at 31.19% in year one. Equity gained on principal adds $1,110/yr while 5% annual appreciation supports $47,520 over five years. Portfolio math shows five-year ROI at 163.11% and total cumulative return in cash at $93,001. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,570/mo property income against a $842/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Apartment
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99204, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,509 (100%) |
| Owner Occupied HU | 1,067 (23.7%) |
| Renter Occupied HU | 2,908 (64.5%) |
| Vacant Housing Units | 534 (11.8%) |
| Median Home Value | $429,745 |
| Average Home Value | $469,688 |
Housing Distribution
Address Breakdown
Residential
3,985
Single Family
1,696
Multi-Family
2,289
Businesses
297
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A