1818 E Bismark AveSpokaneWA99208
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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
Investment property for sale in Spokane at 1818 E Bismark Ave, Spokane, WA, 99208 uses $92,455 cash to close to unlock $2,155/yr annual cash flow and $180/mo monthly cash flow. Total monthly income runs $1,856/mo, and a $1,365/mo payment keeps the spread at $180/mo. Purchase price stands at $278,900, and rental yield measures 7.99% with $1,856/mo rent. Return on cash invested shows 22.24% in year one, and 5% annual appreciation builds toward $77,055 over five years. Five-year ROI reaches 115.13% and total cumulative return in cash records $106,439. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,856/mo property income covering a $1,365/mo payment rather than investor’s personal income.
Single Family
Built in 1911
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99208, Spokane, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,730 (100%) |
| Owner Occupied HU | 16,287 (65.9%) |
| Renter Occupied HU | 7,535 (30.5%) |
| Vacant Housing Units | 908 ( 3.7%) |
| Median Home Value | $496,695 |
| Average Home Value | $537,982 |
Housing Distribution
Address Breakdown
Residential
24,132
Single Family
18,840
Multi-Family
5,292
Businesses
584
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Listed by: Cambria Henry • Haven Real Estate Group
Mls Name: SMLS
Mls ID: #202527314