18218 E Michielli 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 18218 E Michielli Ave, Spokane Valley, WA, 99016 generates $2,939/mo in rent, after a $2,643/mo payment. Total monthly income is $2,939/mo. Return on cash invested sits at 17.43% in year one, and rental yield is 6.53% on a $539,900 entry. Equity gained on principal adds $3,484/yr, while 5% annual appreciation builds toward $149,164 over five years. Five-year ROI reaches 89.49% and total cumulative return in cash sums $158,959. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,939/mo property income rather than buyer’s personal income.
Single Family
Built in 2010
8,276 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Erik Dordal • Windermere City Group
Mls Name: SMLS
Mls Provider:
Mls ID: #202517377
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.