1821 W 8th Ave APT 5SpokaneWA99204
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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 1821 W 8th Ave APT 5, Spokane, WA, 99204 uses $61,328 cash to close to unlock $3,365/yr annual cash flow and $280/mo monthly cash flow. Total monthly income runs $1,392/mo, and a $905/mo payment keeps the spread at $280/mo. Purchase price stands at $185,000, and rental yield measures 9.03% with $1,392/mo rent. Return on cash invested shows 25.4% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 132.06% and total cumulative return in cash records $80,991. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,392/mo property income covering a $905/mo payment rather than investor’s personal income.
Condo
Built in 1966
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
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Listed by: Tiffany Ferraro • Amplify Real Estate Services
Mls Name: SMLS
Mls ID: #202527657