1811 W 8th AveSpokaneWA99204
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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
Rental property for sale in Spokane at 1811 W 8th Ave, Spokane, WA, 99204 generates $2,068/mo in rent and, after a $1,664/mo payment, leaves $24/mo in cash flow. Total monthly income is $2,068/mo, and annual cash flow is $293/yr on $112,677 invested. Return on cash invested sits at 20.17% in year one, and rental yield is 7.3% on a $339,900 entry. Equity gained on principal adds $2,193/yr, while 5% annual appreciation builds toward $93,908 over five years. Five-year ROI reaches 104.02% and total cumulative return in cash sums $117,203. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,068/mo property income rather than buyer’s personal income.
Single Family
Built in 1941
6,969 sqft 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
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Listed by: Hal Greene • Windermere North
Mls Name: SMLS
Mls ID: #202521504