17814 E East 3rd LnSpokane 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
Investment property for sale in Spokane Valley at 17814 E East 3rd Ln, Spokane Valley, WA, 99016 offers a 7.64% rental yield on a $414,900 purchase with $2,640/mo rent. Total monthly income registers $2,640/mo, and a $2,031/mo payment leaves $146/mo available for distribution. Annual cash flow reaches $1,748/yr on $137,539 to close, and return on cash invested stands at 21.18% in year one. Equity gained on principal adds $2,677/yr while 5% annual appreciation supports $114,629 over five years. Portfolio math shows five-year ROI at 109.42% and total cumulative return in cash at $150,494. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,640/mo property income against a $2,031/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
7,840 sqft 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
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Listed by: Sheri Tilton • RE/MAX of Spokane
Mls Name: SMLS
Mls ID: #202610043