17404 E 6th AveSpokane ValleyWA99016
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
Rental property for sale in Spokane Valley at 17404 E 6th Ave, Spokane Valley, WA, 99016 generates $1,185/mo in rent and, after a $734/mo payment, leaves $215/mo in cash flow. Total monthly income is $1,185/mo, and annual cash flow is $2,578/yr on $49,725 invested. Return on cash invested sits at 25.09% in year one, and rental yield is 9.48% on a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 131% and total cumulative return in cash sums $65,142. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,185/mo property income rather than buyer’s personal income.
Manufactured
Built in 1979
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99016, Greenacres, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,721 (100%) |
| Owner Occupied HU | 5,432 (70.4%) |
| Renter Occupied HU | 2,001 (25.9%) |
| Vacant Housing Units | 288 ( 3.7%) |
| Median Home Value | $540,005 |
| Average Home Value | $599,307 |
Housing Distribution
Address Breakdown
Residential
8,112
Single Family
7,895
Multi-Family
217
Businesses
233
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Steven Kepler • Windermere Liberty Lake
Mls Name: SMLS
Mls Provider:
Mls ID: #202520573
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.